The following data is provided for Garcon Company and Pepper Company for the year en Garcon Company $ 12,000 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 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450

The following data is provided for Garcon Company and Pepper Company for the year en Garcon Company $ 12,000 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 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 10PB: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for B76 Company,...

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