Question

Required Information The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company Garcon Company 12,200 18,160 8.500 32,000 23,000 21,00 22.000 Pepper Company $17,950 21,490 12,450 25,300 39.600 14.00 17.100 Beginning finished goods inventory Beginning work in process inventory Deginning raw materiale inventory Zental cost on factory piant Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materiale inventory Pattery utilities Factory supplies wid General and administrative expenses Indirect labor Repairs-Factory equipment Baw materiale purchases Selling expenses Caah| Tatory went, net Mccounts receivable, net 12.000 12,100 25,000 1,350 6.860 46,00 52,800 201,030 20.690 257.500 14,000 7.600 15,250 . 4.300 60,000 8.620 3.950 56,000 50,500 300,010 20.700 133,825 22,200 Required: 1. Compute the total prime costs for both Gucon Company and Pepper Company 2. Compute the total conversion costs for both Garcon Company and Pepper Company Complete this question by entering your answers in the tabs below. Required 1 Required 2 Comote the total costs for both Garcon Company and Pepper Company Garcon Pepper Company Direct materials Raw for Directed Totalmeco < Prev Next > SAMSUNG

Answer 1

Compute the total prime costs for both Garcon Company and Pepper Company? Answer: Description Garcon Pepper Direct materials Beginning raw materials inventory $ 8,500.00 $ 12,450.00 Raw material purchases $ 46,000.00 $ 56,000.00 Raw materials available for use $ 54,500.00 $ 68,450.00 Less: Ending raw material inventory $ 5,400.00 $ 7,600.00 Direct materials used $ 49,100.00 $ 60,850.00 Direct labor $ 23,800.00 $ 39,400.00 Total prime costs $ 72,900.00 $ 100,250.00

Compute the total conversion costs for Garcon Company and Pepper Company? Answer: Garcon Pepper $ 23,800.00 $ 39,400.00 Description Direct labor Factory overhead Factory utilities Factory supplies used Indirect labor Repairs - Factory equipment Rental cost on factory equipment Total factory overhead Total conversion costs $ 12,000.00 $ 15,250.00 $ 12,100.00 $ 4,700.00 $ 1,350.00 $ 8,620.00 $ 6,860.00 $ 3,950.00 $ 32,000.00 $ 25,000.00 $ 64,310.00 $ 57,520.00 $ 88,110.00 $ 96,920.00 Please give thumbsup button if this solution helped. If you need any further explanation, kindly request in the comment section, glad to be helpful.