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			$	16,600
Beginning work in process inventory			18,000				23,550
Beginning raw materials inventory			11,500				13,350
Rental cost on factory equipment			27,250				26,950
Direct labor			20,600				43,000
Ending finished goods inventory			20,000				13,500
Ending work in process inventory			25,300				17,200
Ending raw materials inventory			6,200				8,000
Factory utilities			11,550				13,000
Factory supplies used			13,300				4,200
General and administrative expenses			30,500				58,000
Indirect labor			2,400				9,880
Repairs—Factory equipment			6,740				3,750
Raw materials purchases			37,500				60,500
Selling expenses			60,800				58,000
Sales			234,030				332,510
Cash			31,000				18,700
Factory equipment, net			262,500				151,825
Accounts receivable, net			16,000				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, 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.

Complete this question by entering your answers in the tabs below.

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

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

Answer 1