Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 [The...

Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2

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

Using the following data,

	Garcon Company			Pepper Company
Beginning finished goods inventory		$	9,000	$	23,500
Beginning work in process inventory			19,000		21,000
Beginning raw materials inventory			8,000		9,000
Rental cost on factory equipment			33,000		23,500
Direct labor			15,000		39,000
Ending finished goods inventory			19,500		16,000
Ending work in process inventory			24,000		19,000
Ending raw materials inventory			14,800		13,400
Factory utilities			14,000		12,000
Factory supplies used			11,600		6,400
General and administrative expenses			25,000		48,000
Indirect labor			1,250		7,660
Repairs—Factory equipment			4,780		1,500
Raw materials purchases			37,000		50,000
Selling expenses			50,000		46,000
Sales			195,030		290,010
Cash			20,000		15,700
Factory equipment, net			212,500		115,825
Accounts receivable, net			13,200		19,450

References

Section BreakExercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2

4.

value:
3.12 points

Required information

Exercise 14-8 Part 1

1.	Complete the below table to calculate the cost of goods manufactured for both Garcon Company and Pepper Company. 2, Complete the below table to calculate the cost of goods sold for both Garcon Company and Pepper Company.

Expert Solution

Answer 1:

Answer 2:

ekkarill92 answered 1 year ago

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