Homework Answers
| Schedule of factory overhead costs | |
| Rent for factory equipment | $27,000 |
| Factory utilities | $9,000 |
| Factory supplies used | $8,000 |
| Factory repairs | $4,000 |
| Total factory overhead | $48,000 |
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Using the following data from both Garcon Company and Pepper Company for the year December 31,...
Using the following data from both Garcon Company and Pepper Company for the year December 31, 2019, compute (1) the cost of goods manufactured and (2) the cost of goods sold Exercise 18-8 Cost of goods manufactured and cost of goods sold computation P1 P2 Garcon Co. Pepper Co. 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...
Please organize the chart as seen and explain all calculations, other wise I will mark as...
Please organize the chart as seen and explain all calculations,
other wise I will mark as incorrect. Thank You!
Using the following data, Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts...
Use the following information for the Exercises below. (The following information applies to the questions displayed...
Use the following information for the Exercises below. (The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales...
Line tollowing intormation applies to the questions displayed below. The following data is provided for Garcon...
Line tollowing intormation applies to the questions displayed below. The following data is provided for Garcon Company and Pepper Company. 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...
Exercise 175 (Part Level Submission) The following inventory information is available for Ricci Manufacturing Corporation for...
Exercise 175 (Part Level Submission) The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2017: Beginning Ending Inventories: Ra maials Work in process Finished goods $17,000 $19,000 9,000 14,000 11,000 8,000 $37,000 $41,000 In addition, the following transactions occurred in 2017: . Raw materials purchased on account, $75,000 2. Incurred factory labor, $80,000, all is direct labor. (Credit Factory Wages Payable) 3. Incurred the following overhead costs during the year: Utilities $6,800, Depreciation...
I need help calculating the "less; cost of goods sold". I cannot figure it out, thanks...
I need help calculating the "less; cost of goods sold".
I cannot figure it out, thanks in advance.
Required information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. 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...
Using the following data from both Garcon Company and Pepper Company for the year enden December...
Using the following data from both Garcon Company and Pepper Company for the year enden December 31, 2019, compute (1) the cost of goods manufactured and (2) the cost of goods sold Exercise 18-8 Cost of goods manufactured and cast of goods sold computation P1 P2 Garcon Co. Pepper Co. Beginning finished goods inventory..... Beginning work in process Imentory Beginning raw materialinestory diet materials)... Rental cost on factory equipment Direct labor... Erding finished goods inventory Ending work in process inventory...
I. Felder Co. incurred the following costs for June 2018: Beginning direct materials inventory $27,000 Beginning...
I. Felder Co. incurred the following costs for June 2018: Beginning direct materials inventory $27,000 Beginning finished goods inventory 26,000 Beginning work in process inventory 8,000 Depreciation on factory building 22,000 Direct labor 211,000 Direct material purchases 193,000 Ending direct materials inventory 16,000 Ending finished goods 35,000 Ending work in process 15,000 Factory supervisor's salary 46,000 Repairs of factory building 7,000 Sales 750,000 Selling and administrative expenses 130,000 Utilities in factory 14,000 Assume an income tax rate of 40 percent....
Problem: Show all you work. From the account balances listed below, prepare a schedule of cost...
Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2016. Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Raw Materials Inventory,...
[The following information applies to the questions displayed below.) Using the following data, Beginning finished goods...
[The following information applies to the questions displayed below.) Using the following data, Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,000 14,500 7,250 27,000 19,000...
Using the following data from both Garcon Company and Pepper Company for the year December 31, 2019, compute (1) the cost of goods manufactured and (2) the cost of goods sold Exercise 18-8 Cost of goods manufactured and cost of goods sold computation P1 P2 Garcon Co. Pepper Co. 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...
Please organize the chart as seen and explain all calculations,
other wise I will mark as incorrect. Thank You!
Using the following data, Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts...
Use the following information for the Exercises below. (The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales...
Line tollowing intormation applies to the questions displayed below. The following data is provided for Garcon Company and Pepper Company. 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...
Exercise 175 (Part Level Submission) The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2017: Beginning Ending Inventories: Ra maials Work in process Finished goods $17,000 $19,000 9,000 14,000 11,000 8,000 $37,000 $41,000 In addition, the following transactions occurred in 2017: . Raw materials purchased on account, $75,000 2. Incurred factory labor, $80,000, all is direct labor. (Credit Factory Wages Payable) 3. Incurred the following overhead costs during the year: Utilities $6,800, Depreciation...
I need help calculating the "less; cost of goods sold".
I cannot figure it out, thanks in advance.
Required information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. 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...
Using the following data from both Garcon Company and Pepper Company for the year enden December 31, 2019, compute (1) the cost of goods manufactured and (2) the cost of goods sold Exercise 18-8 Cost of goods manufactured and cast of goods sold computation P1 P2 Garcon Co. Pepper Co. Beginning finished goods inventory..... Beginning work in process Imentory Beginning raw materialinestory diet materials)... Rental cost on factory equipment Direct labor... Erding finished goods inventory Ending work in process inventory...
Problem: Show all you work. From the account balances listed below, prepare a schedule of cost of goods manufactured for Sampson Manufacturing Company for the month ended December 31, 2016. Finished Goods Inventory, December 31 Factory Supervisory Salaries Income Tax Expense Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Raw Materials Inventory,...
[The following information applies to the questions displayed below.) Using the following data, Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,000 14,500 7,250 27,000 19,000...
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