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.GarconCompany$ 13,20017,9008,600Finished goods inventory, beginningWork in process inventory, beginningRaw materials inventory, beginningRental cost on factory equipmentDirect laborFinished goods inventory, endingWork in process inventory, endingRaw materials inventory, endingFactory utilitiesGeneral and administrative expensesIndirect laborRepairs-Factory equipmentRaw materials purchasesSelling expensesSalesCashAccounts receivable, netRequired 1 Required 233,75023,20021,35028,0007,9009,15023,50014,0004,94042,50056,400297,27025,00016,000Total prime costsPepperCompany$ 16,90021,15011,250< Required 126,65039,40016,90017,6007,40014,25044,00014,9201. Compute the total prime costs for both Garcon Company and Pepper Company.2. Compute the total conversion costs for both Garcon Company and Pepper Company.3,60060,000Complete this question by entering your answers in the tabs below.55,300395,04023,20024,700Compute the total prime costs for both Garcon Company and Pepper Company.GarconCompanyPepperCompanyRequired 2 > 1. Compute the total prime costs for both Garcon Company and Pepper Company.2. Compute the total conversion costs for both Garcon Company and Pepper Company.Complete this question by entering your answers in the tabs below.Required 1 Required 2Compute the total conversion costs for both Garcon Company and Pepper Company.GarconCompanyTotal conversion costsPepperCompany< Required 1Required 2

1. Prime Cost -Prime cost are those cost which directly related to generate the product. It includes…

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 $ 13,200 17,900 8,600 33,750 23,200 21,350 28,000 7,900 9,150 23,500 14,000 4,940 42,500 56,400 297,270 25,000 16,000 Pepper Company $ 16,900 21,150 11,250 26,650 39,400 16,900 17,600 7,400 14,250 44,000 14,920 3,600 60,000 55,300 395,040 23,200 24,700 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.

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 $ 13,200 17,900 8,600 33,750 23,200 21,350 28,000 7,900 9,150 23,500 14,000 4,940 42,500 56,400 297,270 25,000 16,000 Pepper Company $ 16,900 21,150 11,250 26,650 39,400 16,900 17,600 7,400 14,250 44,000 14,920 3,600 60,000 55,300 395,040 23,200 24,700 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...

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