Question

Required information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company Pepper Company 19,300 20,400 $ 14,850 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 Garcon Company $ 13,800 16,400 8,400 32,000 21,200 19,400 25,900 7.900 11,850 10,600 21,500 1,800 5,180 33,500 62,800 211,530 29,000 262,500 15,600 26, 20e 39,000 15,600 21,800 10,000 18,000 4,000 46,000 9.940 3,200 54,000 58,600 342,510 19,700 133,825 20,450 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, 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 Complete this question by entering your answers in the tabs below. Required 1 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, 2019.

Answer 1

1. Cost of Goods Manufactured both Garcon Company and Pepper Company for the year Ended December 31, 2019

Particulars	Garcon Company	Pepper Company
Direct Materials
Beginning Raw Materials Inventory	$8,400	$14,850
Add: Raw Materials Purchase	$33,500	$54,000
Raw Materials Avilable for use	$41,900	$68,850
Less: Ending Raw Materials Inventory	$7,900	$10,000
Direct Materials Used	$34,000	$58,850
Direct Labor	$21,200	$39,000
Factory Overhead;
Indirect Labor	$1,800	$9,940
Factory Supplies used	$10,600	$4,000
Factory Utilities	$11,850	$18,000
Rental Cost on Factory Equipment	$32,000	$26,200
Repairs Factory Equipment	$5,180	$3,200
Total Factory Overhead	$61,430	$61,340
Total Manufacturing Costs	$116,630	$159,190
Add: Beginning Work in process Inventory	$16,400	$20,400
Total Cost of Work in Process	$133,030	$179,590
Less: Ending Work in Process Inventory	$25,900	$21,800
Cost of Goods Manufactured	$107,130	$157,790

2. Cost of Goods Sold for both Garcon Company and Pepper Company for the year ended December 31,2019

Particulars	Garcon Company	Pepper Company
Beginning Finished Goods Inventory	$13,800	$19,300
Add: Cost of Goods Manufactured	$107,130	$157,790
Cost of Goods Available for Sale	$120,930	$177,090
Less: Ending Finished goods inventory	$19,400	$15,600
Cost of Goods Sold	$101,530	$161,490