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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 12,800 17,400 10,500 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 34,250 25,000 19,700 23,500 7,100 10, 200 33,000 9,900 6,140 37,500 51, 200 282,000 28,000 16,400 Pepper Company $ 18,400 23,700 11, 400 26, 200 40, 600 16,500 17, 200 8,000 14,750 44,000 13, 480 2,050 68,000 59, 200 371, 490 17,700 23,950

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 12,800 17,400 10,500 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 34,250 25,000 19,700 23,500 7,100 10, 200 33,000 9,900 6,140 37,500 51, 200 282,000 28,000 16,400 Pepper Company $ 18,400 23,700 11, 400 26, 200 40, 600 16,500 17, 200 8,000 14,750 44,000 13, 480 2,050 68,000 59, 200 371, 490 17,700 23,950

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 1E: Inventory Accounts for a Manufacturing Company Fujita Company produces a single product. Costs...
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Complete the table to find the cost of goods manufactured for both Garçon company and pepper company for the years ended December 31.
Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used. Direct labor Factory overhead Indirect labor Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company $ $ 10,500 37,500 48,000 7,100 40,900 25,000 9,900 9,900 0 $ repper Company 0 $ 11,400 68,000 79,400 8,000 71,400 40,000 13,480 13.480 0 0
Transcribed Image Text:Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used. Direct labor Factory overhead Indirect labor Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company $ $ 10,500 37,500 48,000 7,100 40,900 25,000 9,900 9,900 0 $ repper Company 0 $ 11,400 68,000 79,400 8,000 71,400 40,000 13,480 13.480 0 0
The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 12,800 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 17,400 10,500 34,250 25,000 19, 700 23,500 7,100 10, 200 33,000 9,900 6, 140 37,500 51, 200 282,000 28,000 16,400 Pepper Company $ 18, 400 23,700 11, 400 26, 200 40, 600 16,500 17, 200 8,000 14,750 44,000 13, 480 2,050 68,000 59, 200 371, 490 17,700 23,950
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 12,800 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 17,400 10,500 34,250 25,000 19, 700 23,500 7,100 10, 200 33,000 9,900 6, 140 37,500 51, 200 282,000 28,000 16,400 Pepper Company $ 18, 400 23,700 11, 400 26, 200 40, 600 16,500 17, 200 8,000 14,750 44,000 13, 480 2,050 68,000 59, 200 371, 490 17,700 23,950
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