Question

complete the table to calculate the cost of goods sold for both Garcon and Company and pepper company for the year ended December 31, 2019

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to questi 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, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold Garcon Pepper Company Company $ 13,900 18.700 32,5503 31,800 46.450 50.500 18,650 13,100 $ 27.800 $ 37,400 ( Required 1 < Prev 2 of 9 Next >

Answer 1

1. Cost of Goods Manufactured for Both Garcon and Pepper Co.

Particulars	Garcon Co.	Pepper Co.
Direct Materials
Beginning Raw Materials Inventory	$ 7,300	$ 14,550
Add: Raw Materials Purchases	$35,000	$63,500
Raw Materials avilable for use	$42,300	$78,050
Less: Ending Raw Materials Inventory	$6,900	$7,400
Direct Materials Used	$35,400	$70,650
Direct Labour	$23,600	$44,600
Factory Overhead
Indirect Labour	$1,400	$9,760
Factory Supplies Used	$13,600	$3,900
Factory Utilities	$13,950	$17,000
Rent Cost on Factory Equipment	$31,750	$23,200
Repairs - Factory Equipment	$5,060	$3,400
Total Factory Overheads	$65,760	$57,260
Total Manufacturing Cost	$124,760	$172,510
Add: Beginning Work in process Inventory	$15,100	$22,050
Total Cost of Work in process	$139,860	$194,560
Less: Ending Work in process Inventory	$24,700	$18,400
Cost of Goods Manufactured	$115,160	$176,160

2. Cost of Goods Sold for Both Garcon Company and Pepper Company

	Garcon Co.	Pepper Co.
Beginning Finished Goods Inventory	$13,900	$18,700
Add: Cost of Goods Manufactured	$115,160	$176,160
Cost of Goods Avilable for Sale	$129,060	$194,860
Less: Ending Finished Goods Inventory	$18,650	$13,100
Cost of Goods Sold	$110,410	$181,760