Factory ut1A ezto.mheducation.comorthern Virginia Community CollegeN McGraw-Hill ConnectA Class ACC 212 Template - 8th Ed.- Canvas NOer 14 Homework ASavedThe following data is provided for Garcon Company and Pepper Company.GarconBeginning finished goods inventoryBeginning work in process inventoryBeginning raw materials inventory (direct materials)Rental cost on factory equipmentDirect laborEnding finished goods inventoryCompany$ 14,70015,40011,70029759РеpperCompany$ 17,80023,70014,55025.75029,75024,60018,95027,7007,40010,20010,60029,0002,3507.70044,00060,400205,53026,000252,50014,40043,80015,50018,4007,40014,2505,20052,0009,6402,85056,50049,600342,51020,200133,82519,700EnGing work in process inventoryraw materials inventoryutilitiesFactory supplies used (indirect materials)General and administrative expensesIndirect laborRepairs-Factory equipmentRaw materials purchasesSelling expensesSalesCashFactory equipment, netAccounts receivable, netesRequired:1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company forDecember 31, 2019.2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the-December 31, 2019.Complete this question by entering your answers in the tabs below.Required 1Required 2Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Comnanv for the vea< Prev4 of 5Next >

1) Schedule of Cost of Goods Manufactured for the Year Ended December 31,2019 Garcon…

The following data is provided for Garcon Company and Pepper Company. Garcon Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Company $14,700 15,400 11,700 29,750 24,600 18,950 27,700 7,400 10,200 10,600 29,000 2,350 7,700 44,000 60,400 205,530 26,000 252,500 14,400 Реpper Company $ 17,800 23,700 14,550 25,750 43,800 15,500 18,400 7,400 14,250 5,200 52,000 9,640 2,850 56,500 49,600 342,510 20,200 133,825 19,700 Factory equipment, net Accounts receivable, net

The following data is provided for Garcon Company and Pepper Company. Garcon Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Company $14,700 15,400 11,700 29,750 24,600 18,950 27,700 7,400 10,200 10,600 29,000 2,350 7,700 44,000 60,400 205,530 26,000 252,500 14,400 Реpper Company $ 17,800 23,700 14,550 25,750 43,800 15,500 18,400 7,400 14,250 5,200 52,000 9,640 2,850 56,500 49,600 342,510 20,200 133,825 19,700 Factory equipment, net Accounts receivable, net

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Supply the missing data in the following cases, each case is independent of the others. Schedule of Cost of Goods ManufacturedDirect materials . . . . . . . . . . . . . . . . . . . . . .P 4,500Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . ?Manufacturing overhead . . . . . . . . . . . . . . . 5,000Total manufacturing costs . . . . . . . . . . . . . . 18,500Beginning work in process inventory . . . . . 2,500Ending work in process inventory . . . . . . . . ?Cost of goods manufactured . . . . . . . . . . . 18,000 Income StatementSales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P 30,000Beginning finished goods inventory . . . . . 1,000Cost of goods manufactured . . . . . . . . . . . 18,000Goods available for sale . . . . . . . . . . . . . . . ?Ending finished goods inventory . . . . . . . . ?Cost of goods sold . . . . . . . . . . . . . . . . . . . . 17,000Gross margin . . . . . . . . . . . . . . . . . . . . . . . . 13,000Selling and administrative…
The manufacturing operations of Cullumber, Inc. had the followInventoriesRaw MaterialsWork in ProcessFinished GoodsJanuary 1Cost of goods sold$15.36026,88017,920GA$January 31Cullumber transferred $371,200 of completed goods out of WoCompute the cost of goods sold.Tavthook and Media$16.64029,44020,480 Please don't provide solutions in an image format thank you
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