[The following information applies to the questions displayed below.]
The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon Company | Pepper Company | |
---|---|---|
Finished goods inventory, beginning | $ 13,600 | $ 18,850 |
Work in process inventory, beginning | 18,600 | 22,950 |
Raw materials inventory, beginning | 9,800 | 10,350 |
Rental cost on factory equipment | 27,500 | 24,400 |
Direct labor | 23,200 | 35,800 |
Finished goods inventory, ending | 19,700 | 14,100 |
Work in process inventory, ending | 22,900 | 18,400 |
Raw materials inventory, ending | 7,000 | 8,000 |
Factory utilities | 12,600 | 14,500 |
General and administrative expenses | 27,000 | 59,000 |
Indirect labor | 15,600 | 13,800 |
Repairs—Factory equipment | 7,100 | 2,500 |
Raw materials purchases | 45,500 | 54,500 |
Selling expenses | 56,400 | 57,400 |
Sales | 280,800 | 397,770 |
Cash | 23,000 | 21,700 |
Accounts receivable, net | 15,400 | 20,950 |
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.
**I am missing something and cannot figure it out. I think it is after the *Repairs-Factory Equipment*
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Complete the table to find cost of goods for both Garcon Company and Pepper Company
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 312019. 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...
complete the table to calculate the cost of goods sold for both Garcon and Company and pepper company for the year ended December 31, 2019 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to questi 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....
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 12,800 $ 16,900 Beginning work in process inventory 18,600 20,700 Beginning raw materials inventory 9,500 10,650 Rental cost on factory equipment 29,000 24,550 Direct labor 20,000 35,800 Ending finished goods inventory 20,600 16,800 Ending work in process inventory 22,300 21,000 Ending raw materials inventory 7,000 9,600 Factory utilities 11,700 14,750 Factory supplies used 10,300 5,500 General and administrative expenses 24,000...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 14,500 $ 18,700 Beginning work in process inventory 14,800 20,250 Beginning raw materials inventory 11,300 14,250 Rental cost on factory equipment 28,000 23,050 Direct labor 24,600 38,600 Ending finished goods inventory 21,350 14,300 Ending work in process inventory 27,100 18,600 Ending raw materials inventory 6,400 8,400 Factory utilities 10,500 17,250 Factory supplies used 9,400 4,900 General and administrative expenses 22,500...
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 Accounts receivable, net Garcon Company $ 13,400 16,000 7,700...
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 Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,600 18,300 10,600 28,000 19,400 17,900 24,400...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 13,200 $ 17,500 Beginning work in process inventory 15,700 21,600 Beginning raw materials inventory (direct materials) 7,400 14,400 Rental cost on factory equipment 31,250 24,550 Direct labor 25,000 36,600 Ending finished goods inventory 21,200 14,300 Ending work in process inventory 22,900 19,000 Ending raw materials inventory 6,100 7,400 Factory utilities 11,550 14,500 Factory supplies used (indirect materials) 12,100 4,300 General...
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 Accounts receivable, net Garcon Company $ 13,000 16,800 10,600...
Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Reg 1A Garcon Req 1A Pepper Req 1B Garcon Req 18 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 $ Sales 317.5101 Gross profit Operating expenses 317,510 Selling expenses General and administrative expenses Income...
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 Accounts receivable, net Garcon Company $ 12,400 14,700 7,900...