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In: Accounting

[The following information applies to the questions displayed below.] The following data is provided for Garcon...

[The following information applies to the questions displayed below.]

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

Garcon Company Pepper Company
Beginning finished goods inventory $ 13,800 $ 16,000
Beginning work in process inventory 17,300 23,400
Beginning raw materials inventory (direct materials) 8,100 10,500
Rental cost on factory equipment 28,750 24,250
Direct labor 21,000 36,200
Ending finished goods inventory 20,300 16,000
Ending work in process inventory 22,300 17,000
Ending raw materials inventory 6,600 9,400
Factory utilities 12,150 13,500
Factory supplies used (indirect materials) 10,600 3,700
General and administrative expenses 25,500 46,000
Indirect labor 1,450 9,640
Repairs—Factory equipment 5,420 3,900
Raw materials purchases 38,000 57,000
Selling expenses 62,400 56,500
Sales 204,030 305,010
Cash 21,000 17,700
Factory equipment, net 227,500 121,825
Accounts receivable, net 13,600 24,200

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.

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

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