Question

Required Information [The following information applies to the questions displayed below] The following data is provided for Garcon Company and Pepper Company. Garcon Реpper Company 17,200 23,250 11,400 23,350 35,eee 13,300 18,400 9,200 14,75e 5,900 58,5ee 9,100 1,950 62,eee 54,10e 300, e1e 16,70e 142,825 24,950 Company $ 12,400 16,70e 7,900 34,5e0 24,400 19,550 23,200 7,400 11,250 9,700 25,eee 2,10e 5,540 38,eee 54,eee 201,03e 24, eee 257,500 14,60e 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 Raw materials purchases selling expenses Sales Cash Factory equipment, net Accounts receivable, net

Answer 1

Answer 1 Cost of Goods Manufactured Garcon Company Pepper Company $ $ Direct Materials 11,400 Beginning Raw Materials Inventory 7,900 Add- Raw Materials Purchases 38,000 62,000 45,900 Raw Materials available for use 73,400 Less- Ending Raw Material Inventory (7,400) (9,200) Direct Materials Used 38,500 64,200 Direct Labor Factory Overhead 24,400 35,000 Rental Cost on Factory Equipment 34,500 23,350 Factory Utilities Factory Supplies Used 11,250 14,750 9,700 5,900 Indirect Labor 9,100 2,100 Repairs- Factory Equipment Total Factory Overhead Total Manufacturing Costs Add- Beginning Wwork-in-Process Inventory Total Cost of Work-in-Process Less-Ending Work-in-Process Inventory Cost of Goods Manufactured 5,540 1,950 63,090 55,050 A+B+C 125,990 154,250 16,700 23,250 142,690 177,500 (18,400) (23,200) 119,490 159,100 2 Cost of Goods Sold Garcon Company Pepper Company $ $ Cost of Goods Manufactured Add- Beginning Finished Goods Inventory Cost of goods available for sale Less- Ending Finished Goods Inventory Cost of goods Sold 119,490 159,100 17,200 12,400 131,890 176,300 (13,300) (19,550) 112,340 163,000 AB