Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company Pepper Company $ 12,700 17,200 9,400 30,750 22,400 19,100 27,400 5,800 10,500 11,500 24,500 1,200 6,620 39,500 58,800 226,530 28,000 267,500 14,400 $ 17,050 21,600 13,800 25,750 38,200 14,500 19,000 9,400 16,250 3,400 45,500 9,460 2,850 70,000 52,600 315,010 21,700 130,825 21,200 Exercise 18-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company Pepper Company $ 12,700 17,200 9,400 30,750 22,400 19,100 27,400 5,800 10,500 11,500 24,500 1,200 6,620 39,500 58,800 226,530 28,000 267,500 14,400 $ 17,050 21,600 13,800 25,750 38,200 14,500 19,000 9,400 16,250 3,400 45,500 9,460 2,850 70,000 52,600 315,010 21,700 130,825 21,200 Exercise 18-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku
![Use the following information for the Exercises below.
[The following information applies to the questions displayed below.]
The following data is provided for Garcon Company and Pepper Company.
Garcon
Company
Beginning finished
goods inventory
Beginning work in
process inventory
Beginning raw
materials inventory
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
General and
administrative
expenses
Indirect labor
Repairs-Factory
equipment
Raw materials
purchases
Selling expenses
Sales
Cash
Factory equipment,
net
Accounts
receivable, net
Pepper
Company
$ 12,700
17,200
9,400
30,750
22,400
19,100
27,400
5,800
10,500
11,500
24,500
1,200
6,620
39,500
58,800
226,530
28,000
267,500
14,400
$ 17,050
21,600
13,800
25,750
38,200
14,500
19,000
9,400
16,250
3,400
45,500
9,460
2,850
70,000
52,600
315,010
21,700
130,825
21,200
Exercise 18-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2
Required:
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the
year ended December 31, 2017.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year
ended December 31, 2017.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe503cb0d-9a1d-4236-97e9-363bd37705a2%2Fc77c58db-c0b3-4030-991c-89bdbe128ff8%2Fe5h9ik_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following information for the Exercises below.
[The following information applies to the questions displayed below.]
The following data is provided for Garcon Company and Pepper Company.
Garcon
Company
Beginning finished
goods inventory
Beginning work in
process inventory
Beginning raw
materials inventory
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
General and
administrative
expenses
Indirect labor
Repairs-Factory
equipment
Raw materials
purchases
Selling expenses
Sales
Cash
Factory equipment,
net
Accounts
receivable, net
Pepper
Company
$ 12,700
17,200
9,400
30,750
22,400
19,100
27,400
5,800
10,500
11,500
24,500
1,200
6,620
39,500
58,800
226,530
28,000
267,500
14,400
$ 17,050
21,600
13,800
25,750
38,200
14,500
19,000
9,400
16,250
3,400
45,500
9,460
2,850
70,000
52,600
315,010
21,700
130,825
21,200
Exercise 18-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2
Required:
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the
year ended December 31, 2017.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year
ended December 31, 2017.
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