Jsing the following data, compute cost of goods manufactured and cost of goods sold for both Garcon Company andPepper Company.GarconCompanyPepperCompany$22,500Beginning finished goods inventoryBeginning work in process inventoryBeginning raw materials inventory (direct materials)Rental cost on factory equipment$17,00021,50012,50020,50012,00034,00020,00019,50025,0009,8008,00027,00042,00014,00020,00011,60017,0002,00036,0007,660Direct laborEnding finished goods inventoryEnding work in process inventoryEnding raw materials inventoryFactory utilitiesFactory supplies usedGeneral and administrative expenses9,50025,000ed on bor1,2504,78034,00047,000Indirect laborभत फ्रीिडRepairs-Factory equipmentRaw materials purchasesSelling expenses1,50043,00035,000ued

Cost of goods manufactured = Beginning WIP + Direct materials used + direct labor + manufacturing…

Garcon Company Pepper Company $22,500 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment $17,000 21,500 12,500 34,000 20,000 19,500 20,500 12,000 27,000 42,000 Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses 25,000 9,800 8,000 9,500 25,000 1,250 4,780 34,000 47,000 14,000 20,000 11,600 17,000 2,000 36,000 7,660 1,500 43,000 35,000 Indirect labor month of Repairs-Factory equipment Raw materials purchases Selling expenses

Garcon Company Pepper Company $22,500 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment $17,000 21,500 12,500 34,000 20,000 19,500 20,500 12,000 27,000 42,000 Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses 25,000 9,800 8,000 9,500 25,000 1,250 4,780 34,000 47,000 14,000 20,000 11,600 17,000 2,000 36,000 7,660 1,500 43,000 35,000 Indirect labor month of Repairs-Factory equipment Raw materials purchases Selling expenses

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...

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