Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending. Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,800 17,100 11,100 35,000 24,200 18,800 27,400 5,300 13,200 24,500 11,650 7,580 34,000 51,600 278,010 29,000 13,800 Pepper Company $ 17,800 23,700 11,550 24,850 39,000 13,900 16,200 7,600 12,500 52,500 13,620 3,650 56,000 52,000 374,620 20,200 21,200 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31

Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending. Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,800 17,100 11,100 35,000 24,200 18,800 27,400 5,300 13,200 24,500 11,650 7,580 34,000 51,600 278,010 29,000 13,800 Pepper Company $ 17,800 23,700 11,550 24,850 39,000 13,900 16,200 7,600 12,500 52,500 13,620 3,650 56,000 52,000 374,620 20,200 21,200 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31

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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