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The following data is provided for Garcon Company and Pepper Company
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.
Expert Solution
1). Cost of goods manufactured for Garcon Company = $126,500
For Pepper Company = $150,290
2). Cost of goods sold for Garcon Company = $121,600
For Pepper Company = $153,490
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