Question

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

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	14,200			$	19,750
Beginning work in process inventory			17,100				20,550
Beginning raw materials inventory			10,800				15,000
Rental cost on factory equipment			30,750				22,900
Direct labor			20,200				37,000
Ending finished goods inventory			18,500				13,200
Ending work in process inventory			28,000				18,400
Ending raw materials inventory			5,800				8,400
Factory utilities			13,950				14,500
Factory supplies used			11,800				5,400
General and administrative expenses			32,500				46,000
Indirect labor			1,400				8,020
Repairs—Factory equipment			7,220				3,350
Raw materials purchases			40,500				66,000
Selling expenses			50,800				49,000
Sales			222,030				317,510
Cash			31,000				24,200
Factory equipment, net			227,500				151,825
Accounts receivable, net			16,400				21,450

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

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.

What is the total manufacturing costs? I do not know it

Answer 1

1

	Garcon Company	Pepper Company
Direct Material
Beginning raw materials inventory	10,800	15,000
Add Raw materials purchases	40,500	66,000
Raw Material Avialable for Use	51,300	81,000
Less Ending raw materials inventory	5,800	8,400
Direct Material Used	45,500	72,600
Direct Labor	20,200	37,000
Factory Ovehead
Indirect labor	1400	8020
Factory supplies used	11800	5400
Factory utilities	13950	14500
Rental cost on factory equipment	30750	22900
Repairs—Factory equipment	7220	3350
Total Factory overhead	65120	54170
Total Manufacturing Cost	1,30,820	1,63,770
Add Beginning work in process inventory	17,100	20,550
Total Cost of Work in Progress	1,47,920	1,84,320
LessEnding work in process inventory	28,000	18,400
Cost of goods Manufactured	1,19,920	1,65,920

2

	Garcon Company	Pepper Company
Beginning finished goods inventory	14200	19750
Add Cost of goods Manufactured	1,19,920	1,65,920
Cost of Goods Available for Sales	1,34,120	1,85,670
Less Ending finished goods inventory	18,500	13,200
Cost of Goods Sold	1,15,620	1,72,470