Question

13 - (b)

Garcon Company 14,900 Pepper Company 18,850 $ $ Part 2 of 2 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Renta 17,400 21,300 9,900 10,200 0.46 points equip Req 1A Pepper "actory eBook Print References 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 33,500 21,600 21,200 26,200 6,900 12,000 12,400 31,000 1,300 5,540 46,000 52,800 238,530 22,000 277,500 16,800 22,750 37,000 15,300 19,409 8,800 17,750 4,200 51,500 9,940 3,500 59,500 52,900 300,010 24,700 124,825 22,200

Answer 1

1) GARCON COMPANY

Partial balance sheet

As of December 31,2017

Cash		22000
Account receivable		16800
Inventories
Finished goods	21200
Work in process	26200
Raw material	6900
Total inventories		54300
Total Current assets		93100

2) PEPPER COMPANY

Partial balance sheet

As of December 31,2017

Cash		24700
Account receivable		22200
Inventories
Finished goods	15300
Work in process	19400
Raw material	8800
Total inventories		43500
Total Current assets		90400