The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Finished goods inventory, beginning $ 12,100 $ 16,750 Work in process inventory, beginning 17,900 22,050 Raw materials inventory, beginning 8,000 12,600 Rental cost on factory equipment 34,250 26,350 Direct labor 20,800 37,800 Finished goods inventory, ending 20,600 15,200 Work in process inventory, ending 22,600 19,000 Raw materials inventory, ending 5,600 8,600 Factory utilities 11,550 14,500 General and administrative expenses 34,000 50,000 Indirect labor 13,000 15,040 Repairs—Factory equipment 7,580 3,950 Raw materials purchases 40,500 58,000 Selling expenses 52,000 47,500 Sales 286,740 374,150 Cash 20,000 16,200 Accounts receivable, net 16,800 19,700 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 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 Pepper Company Finished goods inventory, beginning $ 12,100 $ 16,750 Work in process inventory, beginning 17,900 22,050 Raw materials inventory, beginning 8,000 12,600 Rental cost on factory equipment 34,250 26,350 Direct labor 20,800 37,800 Finished goods inventory, ending 20,600 15,200 Work in process inventory, ending 22,600 19,000 Raw materials inventory, ending 5,600 8,600 Factory utilities 11,550 14,500 General and administrative expenses 34,000 50,000 Indirect labor 13,000 15,040 Repairs—Factory equipment 7,580 3,950 Raw materials purchases 40,500 58,000 Selling expenses 52,000 47,500 Sales 286,740 374,150 Cash 20,000 16,200 Accounts receivable, net 16,800 19,700 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...
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The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
| Garcon Company | Pepper Company | |
|---|---|---|
| Finished goods inventory, beginning | $ 12,100 | $ 16,750 |
| Work in process inventory, beginning | 17,900 | 22,050 |
| Raw materials inventory, beginning | 8,000 | 12,600 |
| Rental cost on factory equipment | 34,250 | 26,350 |
| Direct labor | 20,800 | 37,800 |
| Finished goods inventory, ending | 20,600 | 15,200 |
| Work in process inventory, ending | 22,600 | 19,000 |
| Raw materials inventory, ending | 5,600 | 8,600 |
| Factory utilities | 11,550 | 14,500 |
| General and administrative expenses | 34,000 | 50,000 |
| Indirect labor | 13,000 | 15,040 |
| Repairs—Factory equipment | 7,580 | 3,950 |
| Raw materials purchases | 40,500 | 58,000 |
| Selling expenses | 52,000 | 47,500 |
| Sales | 286,740 | 374,150 |
| Cash | 20,000 | 16,200 |
| 16,800 | 19,700 |
- Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31.
- Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.
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