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Homework answers / question archive / The following data is provided for Garcon Company and Pepper Company

The following data is provided for Garcon Company and Pepper Company

Accounting

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

Garcon Company

Pepper Company

Beginning finished goods inventory

13,900

17,200

Beginning work in process inventory

15,100

19,650

Beginning raw materials inventory (direct materials)

8,000

13,650

Rental cost on factory equipment

31,250

23,200

Direct labor

22,800

41,800

Ending finished goods inventory

18,800

14,000

Ending work in process inventory

22,000

19,000

Ending raw materials inventory

5,600

9,200

Factory utilities

11,400

14,500

Factory supplies used (indirect materials) 

12,100

4,000

General and administrative expenses

33,000

44,500

Indirect labor

1,350

8,140

Repairs—Factory equipment

7,100

1,550

Raw materials purchases

45,000

52,000

Selling expenses

54,400

48,100

Sales

228,030

342,510

Cash

22,000

19,700

Factory equipment, net

282,500

145,825

Accounts receivable, net

16,400

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, 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.

 

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