The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 18, 700 500 11, 32,500 21,000 17,300 25, 600 6,000 11,550 34,000 11,500 5, 420 42, 500 60, 800 289, 290 20, 000 16, 200 Pepper Company $ 17,950 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21,450 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended 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.

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 18, 700 500 11, 32,500 21,000 17,300 25, 600 6,000 11,550 34,000 11,500 5, 420 42, 500 60, 800 289, 290 20, 000 16, 200 Pepper Company $ 17,950 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21,450 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended 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.

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 1PA: Barnes Company uses a job order cost system. The following data summarize the operations related to...

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