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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 Ra materials purchases Сoпрany $ 13,900 16,000 10,100 34, 250 24,600 21,350 26,200 5,500 10,500 13,600 22,500 2,500 5,900 36,500 Реррег Company $ 18,250 20,550 14,100 26,500 38,600 16,300 20,600 9,600 16,500 6,000 45,500 7,840 3,450 60,500

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 Ra materials purchases Сoпрany $ 13,900 16,000 10,100 34, 250 24,600 21,350 26,200 5,500 10,500 13,600 22,500 2,500 5,900 36,500 Реррег Company $ 18,250 20,550 14,100 26,500 38,600 16,300 20,600 9,600 16,500 6,000 45,500 7,840 3,450 60,500

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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The following data is provided for Garcon Company and Pepper Company. Pepper Company $ 18,250 20,550 14,100 26,500 38,600 16,300 20,600 9,600 16,500 6,000 45,500 7,840 3,450 60,500 54, 700 312,510 21,200 124,825 22,700 Garcon Соmрany $ 13,900 16,000 10, 100 34,250 24,600 21,350 26,200 5,500 10,500 13,600 22,500 2,500 5,900 36, 500 58,400 216,030 33,000 262,500 13,800 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending Pinished 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 Ra materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Required: 1. Complete the toble to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company. Pepper Company $ 18,250 20,550 14,100 26,500 38,600 16,300 20,600 9,600 16,500 6,000 45,500 7,840 3,450 60,500 54, 700 312,510 21,200 124,825 22,700 Garcon Соmрany $ 13,900 16,000 10, 100 34,250 24,600 21,350 26,200 5,500 10,500 13,600 22,500 2,500 5,900 36, 500 58,400 216,030 33,000 262,500 13,800 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending Pinished 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 Ra materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Required: 1. Complete the toble to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.
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