The following data is provided for Garcon Company and Pepper Company.GarconCompanyPepperCompanyBeginning finished goods inventory$ 14,200$ 17,050Beginning work in process inventory16,00020,100Beginning raw materials inventory (direct materials)9,50013,350Rental cost on factory equipmentDirect labor22,3002325032,25033 30022, 20044340020,90037,400Ending finished goods inventory14,800Ending work in process inventory19,80020026, 2005 8005,800Ending raw materials inventoryFactory utilities8,40075015,00013,750Factory supplies used (indirect materials)1000010,0005,300General and administrative expenses25,50046,000Indirect labor1,6508,2607,8202,950Repairs-Factory equipmentRaw materials purchasesSelling expenses47,50054,50057,60055,000Sales249,030327,510Cash34,00017,700Factory equipment, net277,500148,825Accounts receivable, net16,60022,450Required:1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year endedDecember 31, 2019.2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year endedDecember 31, 2019.< Prev 4 of 5 #Next >*****************OGCheck my work Required informationDirect materialsBeginning work in process inventoryRaw materials available for useDirect materials usedFactory overheadTotal factory overheadTotal manufacturing costsTotal cost of work in processCost of goods manufacturedCompany$$Company16,000 $16,00016,000000 $< Prev20,10020,10020,1000004 of 5H+GNext >OCal

Name: The following data is provided for Garcon Company and Pepper Company.
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Description: The following data is provided for Garcon Company and Pepper Company.GarconCompanyPepperCompanyBeginning finished goods inventory$ 14,200$ 17,050Beginning work in process inventory16,00020,100Beginning raw materials inventory (direct materials)9,500

Cost of goods sold = Beginning finished goods inventory + cost of goods manufactured - ending…

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The following data is provided for Garcon Company and Pepper Company. Garcon Company Beginning finished goods inventory $ 14,200 Beginning work in process inventory 16,000 9,500 Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor 32,250 22,200 Ending finished goods inventory Ending work in process inventory 20,900 26,200 Ending raw materials inventory Factory utilities 5,800 15,000 Factory supplies used (indirect materials) General and administrative expenses 10,000 25,500 Indirect labor 1,650 7,820 Repairs-Factory equipment Raw materials purchases Selling expenses Sales 47,500 57,600 249,030 Cash 34,000 Factory equipment, net Accounts receivable, net 277,500 16,600 Pepper Company $ 17,050 20,100 13,350 22,300 37,400 14,800 19,800 8,400 13,750 5,300 46,000 8,260 2,950 54,500 55,000 327,510 17,700 148,825 22,450

The following data is provided for Garcon Company and Pepper Company. Garcon Company Beginning finished goods inventory $ 14,200 Beginning work in process inventory 16,000 9,500 Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor 32,250 22,200 Ending finished goods inventory Ending work in process inventory 20,900 26,200 Ending raw materials inventory Factory utilities 5,800 15,000 Factory supplies used (indirect materials) General and administrative expenses 10,000 25,500 Indirect labor 1,650 7,820 Repairs-Factory equipment Raw materials purchases Selling expenses Sales 47,500 57,600 249,030 Cash 34,000 Factory equipment, net Accounts receivable, net 277,500 16,600 Pepper Company $ 17,050 20,100 13,350 22,300 37,400 14,800 19,800 8,400 13,750 5,300 46,000 8,260 2,950 54,500 55,000 327,510 17,700 148,825 22,450

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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