Question

[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 17,650 22.000 5,300 9,000 8,200 21,000 1,250 4,780 33,000 50,000 195,030 20,000 212,500 13,200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 3,200 43,000 7,660 1,500 52,000 46,000 290,010 15,700 115,825 19,450

Answer 1

1)

	Garcon Company	Pepper Company
Direct materials:
Beginning raw materials inventory	$7250	$9000
Add: Raw materials purchases	33000	52000
Raw materials available for use	40250	61000
Less: Ending raw materials inventory	5300	7200
Direct materials used	34950	53800
Direct labor	19000	35000
Factory overhead
Rental cost on factory equipment	27000	22750
Factory utilities	9000	12000
Factory supplies used	8200	3200
Indirect labor	1250	7660
Repairs- Factory equipment	4780	1500
Total factory overhead	50230	47110
Total manufacturing costs	104180	135910
Add: Beginning work in process inventory	14500	19950
Total cost of work in process	118680	155860
Less: Ending work in process inventory	22000	16000
Cost of goods manufactured	$96680	$139860

2)

	Garcon Company	Pepper Company
Beginning finished goods inventory	$12000	$16450
Add: Cost of goods manufactured	96680	139860
Cost of goods available for sale	108680	156310
Less: Ending finished goods inventory	17650	13300
Cost of goods sold	$91030	$143010

NOTE:- Please rate the answer and for any problem regarding the answer please ask in the comment section.