Question

The following data is provided for Garcon Company and Pepper Company.

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	12,800			$	16,450
Beginning work in process inventory			15,500				21,900
Beginning raw materials inventory (direct materials)			7,500				12,750
Rental cost on factory equipment			32,250				22,300
Direct labor			21,400				40,600
Ending finished goods inventory			17,600				15,600
Ending work in process inventory			25,900				20,200
Ending raw materials inventory			6,600				7,400
Factory utilities			13,050				14,000
Factory supplies used (indirect materials)			9,400				3,700
General and administrative expenses			23,000				56,500
Indirect labor			1,250				8,260
Repairs—Factory equipment			6,380				1,800
Raw materials purchases			33,500				66,000
Selling expenses			64,400				51,100
Sales			243,030				337,510
Cash			28,000				16,200
Factory equipment, net			217,500				124,825
Accounts receivable, net			15,200				24,450

Required:
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.

Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.

	Garcon Company Pepper Company Direct materials Raw materials available for use 0 0 Direct materials used 0 0 Factory overhead Total factory overhead 0 0 Total manufacturing costs Total cost of work in process 0 0 Cost of goods manufactured $0 $0

Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.

	Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold $0 $0

Answer 1

• reQUIREMENT [1]

	Garcon Company	Pepper Company
Direct materials:
Beginning raw materials inventory (direct materials)	$7,500	$12,750
Add: Raw material purchase	$33,500	$66,000
Raw materials available for use	$41,000	$78,750
Less: Ending raw material inventory	$6,600	$7,400
Direct materials used	$34,400	$71,350
Direct Labor	$21,400	$40,600
Factory overhead:
Indirect labor	$1,250	$8,260
Factory supplies used (indirect materials)	$9,400	$3,700
Factory utilities	$13,050	$14,000
Rental cost on factory equipment	$32,250	$22,300
Repairs—Factory equipment	$6,380	$1,800
Total factory overhead	$62,330	$50,060
Total manufacturing costs	$118,130	$162,010
Add: Beginning WIP Inventory	$15,500	$21,900
Total cost of work in process	$133,630	$183,910
Less: Ending WIP Inventory	$25,900	$20,200
Cost of goods manufactured	$107,730	$163,710

• rEQUIREMENT 2

	Garcon Company	Pepper Company
Beginning finished goods inventory	$12,800	$16,450
Add: Cost of Goods manufactured	$107,730	$163,710
Cost of goods available for sale	$120,530	$180,160
Less: Ending finished goods inventory	$17,600	$15,600
Cost of goods sold	$102,930	$164,560