Question

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

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	12,700			$	19,600
Beginning work in process inventory			18,800				22,800
Beginning raw materials inventory			7,200				13,200
Rental cost on factory equipment			31,500				24,100
Direct labor			20,800				37,800
Ending finished goods inventory			19,250				13,100
Ending work in process inventory			23,800				21,400
Ending raw materials inventory			6,300				9,800
Factory utilities			10,950				16,000
Factory supplies used			10,900				5,800
General and administrative expenses			29,000				53,500
Indirect labor			2,150				9,700
Repairs—Factory equipment			4,820				2,650
Raw materials purchases			35,000				62,500
Selling expenses			58,400				48,100
Sales			216,030				317,510
Cash			33,000				24,200
Factory equipment, net			262,500				118,825
Accounts receivable, net			16,000				24,700

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, 2017.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.

• Required 1
• Required 2

Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.

Garcon Company Pepper Company Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use 0 0 Less: Ending raw materials inventory Direct materials used 0 0 Direct labor Factory overhead Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor Repairs—Factory equipment 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, 2017.

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

Answer 1

Required 1
				Garcon	Pepper
				company	Company
Direct Materials
Beginning raw materials inventory				7,200	13,200
Raw materials purchases				35,000	62,500
Raw materials available for use				42,200	75,700
Ending raw materials inventory				6,300	9,800
Direct materials used				35,900	65,900
Direct labor				20,800	37,800
Factory overhead
Rental cost on factory equipment				31,500	24,100
Factory utilities				10,950	16,000
Factory supplies used				10,900	5,800
Indirect labor				2,150	9,700
Repairs- factory equipment				4,820	2,650
Total factory overhead				60,320	58,250
total manufacturing costs				117,020	161,950
Add:Beginning work in process				18,800	22,800
total cost of WIP				135,820	184,750
less:Ending work in process inventory				23,800	21400
Cost of goods manufactured				112,020	163,350

				Garcon	Pepper
				Company	Company
Beginning finished goods inventory				12,700	19,600
Add:Cost of goods manufactured				112,020	163,350
Cost of goods available for sale				124,720	182,950
less:Ending finished goods inventory				19,250	13,100
Cost of goods sold				105,470	169,850