Question

Required information The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company Garcon Company Pepper Company 18,850 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventorV 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 13,600 18,300 8,900 27,750 20,800 20,150 25,000 7,300 22,800 9,000 24,400 35,400 16,500 16,800 8,200 16,750 5,800 59,000 11,250 10,600 33,500 1,500 4, 820 9,460 45,000 62,800 229,530 32,000 217,500 16,400 3,700 59,500 52,000 332,510 21,700 166,825 21,450 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. Complete this question by entering your answers in the tabs below. Required Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017 Garcon Compan Pepper Compan Direct materials Raw materials available for use 0 Direct materials used

Answer 1

Cost of Goods Manufactured
	Garcon Company	Pepper Company
Direct Material
Beginning raw material Inventory	$       8,900.00	$          9,000.00
Add: Raw material Purchases	$     45,000.00	$        59,500.00
Raw material Available for use	$     53,900.00	$        68,500.00
Less: Ending Raw material Inventory	$       7,300.00	$          8,200.00
Material Used in Production	$     46,600.00	$        60,300.00
Direct labor	$     20,800.00	$        35,400.00
Manufacturing Overheads
Rental cost of Factory Equipment	$     27,750.00	$        24,400.00
Factory Utilities	$     11,250.00	$        16,800.00
Factory Supplies Used	$     10,600.00	$          5,800.00
Indirect Labor	$       1,500.00	$          9,460.00
Repairs-Factory Equipment	$       4,820.00	$          3,700.00
Total Factory Overheads	$     55,920.00	$        60,160.00
Total manufacturing Cost	$ 1,23,320.00	$    1,55,860.00
Add: Beginning Work in Progress	$     18,300.00	$        22,800.00
Total Cost of Work in Progress	$ 1,41,620.00	$    1,78,660.00
Less: Ending Work in progress	$     25,000.00	$        16,800.00
Cost of Goods Manufactured	$ 1,16,620.00	$    1,61,860.00

Cost of Goods Sold
	Garcon Company	Pepper Company
Beginning Finished Inventory	$     13,600.00	$        18,850.00
Add: Cost of Goods manufactured	$ 1,16,620.00	$    1,61,860.00
Cost of Goods Available for sale	$ 1,30,220.00	$    1,80,710.00
Less: Ending Finished Goods Inventory	$     20,150.00	$        16,500.00
Cost of Goods sold	$ 1,10,070.00	$    1,64,210.00