Question 3- Part 2 Beginning finished goods inventory $12,000 $16,450 Beginning work in process inventory 14,500 19,950 Beginning raw materials inventory 7,250 9,000 Rental cost on factory equipment 27,000 22,750 Direct labor 19,000 35,000 Ending finished goods inventory 17,650 13,300 Ending work in process inventory 22,000 16,000 Ending raw materials inventory 5,300 7,200 Factory utilities 9,000 12,000 Factory supplies used 8,200 3,200 General and administrative expenses 21,000 43,000 Indirect labor 1,250 7,660 Repairs—Factory equipment 4,780 1,500 Raw materials purchases 33,000 52,000 Selling expenses 50,000 46,000 Sales 195,030 290,010 Cash 20,000 15,700 Factory equipment, net 212,500 115,825 Accounts receivable, net 13,200 19,450 Complete this question by entering your answers in the tabs below.Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 18 PepperPrepare the current asset section of the balance sheet for Pepper Company.PEPPER COMPANYPartial Balance SheetAs of December 31, 2017Inventories:Total current assets$ Complete this question by entering your answers in the tabs below.Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B PepperPrepare the current asset section of the balance sheet for Garcon Company.GARCON COMPANYPartial Balance SheetAs of December 31, 2017Inventories:Total current assets$

PEPPER COMPANY Balance sheet As of Dec 31 , 2017 Cash 15700 Accounts receivables 19450…

Answered: Beginning finished goods inventory $…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Question 3- Part 2

Beginning finished goods inventory	$	12,000	$	16,450
Beginning work in process inventory		14,500		19,950
Beginning raw materials inventory		7,250		9,000
Rental cost on factory equipment		27,000		22,750
Direct labor		19,000		35,000
Ending finished goods inventory		17,650		13,300
Ending work in process inventory		22,000		16,000
Ending raw materials inventory		5,300		7,200
Factory utilities		9,000		12,000
Factory supplies used		8,200		3,200
General and administrative expenses		21,000		43,000
Indirect labor		1,250		7,660
Repairs—Factory equipment		4,780		1,500
Raw materials purchases		33,000		52,000
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

Complete this question by entering your answers in the tabs below.
Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 18 Pepper
Prepare the current asset section of the balance sheet for Pepper Company.
PEPPER COMPANY
Partial Balance Sheet
As of December 31, 2017
Inventories:
Total current assets
$

Complete this question by entering your answers in the tabs below.
Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper
Prepare the current asset section of the balance sheet for Garcon Company.
GARCON COMPANY
Partial Balance Sheet
As of December 31, 2017
Inventories:
Total current assets
$

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