Question

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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Garcon Company $ 13,000 18,300 10,900 33,250 22,800 17,300 26,800 5,800 14,700 12,100 21,500 2,250 6,380 42,000 57,600 235,530 20,000 217,500 14,200 Pepper Company $ 19,450 22,350 11,550 25,000 44,600 17,000 20,600 9,400 13,000 5,900 53,500 8,800 3,950 53,500 57,400 330,010 19,700 169,825 23,950 Sales Cash Factory equipment, net Accounts receivable, net 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 find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.

Answer 1

Req 1		Garcon Company	Pepper Company
	Direct materials
	Beginning raw materials inventory	10,900	11,550
	Add: Raw materials purchases	42,000	53,500
	Raw materials available for use	52,900	65,050
	Less: Ending raw materials inventory	5,800	9,400
	Direct materials used	47,100	55,650
	Direct labor	22,800	44,600
	Factory overhead
	Rental cost on factory equipment	33,250	25,000
	Factory utilities	14,700	13,000
	Factory supplies used	12,100	5,900
	Indirect labor	2,250	8,800
	Repairs—Factory equipment	6,380	3,950
	Total factory overhead	68,680	56,650
	Total manufacturing costs	138,580	156,900
	Add: Beginning goods in process inventory	18,300	22,350
	Total cost of goods in process	156,880	179,250
	Less: Ending goods in process inventory	26,800	20,600
	Cost of goods manufactured	130,080	158,650
Req 2		Garcon Company	Pepper Company
	Beginning finished goods inventory	13,000	19,450
	Add: Cost of goods manufactured	130,080	158,650
	Cost of goods available for sale	143,080	178,100
	Less: Ending finished goods inventory	17,300	17,000
	Cost of goods sold	125,780	161,100

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