The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 12,000 $ 16,450 Beginning work in process inventory 14,500
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 12,000 $ 16,450 Beginning work in process inventory 14,500
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....
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Question 3- Part 1
The following data is provided for Garcon Company and Pepper Company.
Garcon Company | Pepper Company | |||||||
Beginning finished goods inventory | $ | 12,000 | $ | 16,450 | ||||
Beginning work in process inventory | 14,500 | 19,950 | ||||||
Beginning raw materials inventory | 7,250 | 9,000 | ||||||
Rental cost on factory equipment | 27,000 | 22,750 | ||||||
Direct labor | 19,000 | 35,000 | ||||||
Ending finished goods inventory | 17,650 | 13,300 | ||||||
Ending work in process inventory | 22,000 | 16,000 | ||||||
Ending raw materials inventory | 5,300 | 7,200 | ||||||
Factory utilities | 9,000 | 12,000 | ||||||
Factory supplies used | 8,200 | 3,200 | ||||||
General and administrative expenses | 21,000 | 43,000 | ||||||
Indirect labor | 1,250 | 7,660 | ||||||
Repairs—Factory equipment | 4,780 | 1,500 | ||||||
Raw materials purchases | 33,000 | 52,000 | ||||||
Selling expenses | 50,000 | 46,000 | ||||||
Sales | 195,030 | 290,010 | ||||||
Cash | 20,000 | 15,700 | ||||||
Factory equipment, net | 212,500 | 115,825 | ||||||
Accounts receivable, net | 13,200 | 19,450 | ||||||
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