Required information [The following information applies to the questions display

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 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 13,600 18,600 11,000 27,250 19,800 19,250 27,100 5,900 14,550 12,400 30,000 1,950 4,940 33,500 50,800 214,530 31,000 222,500 14,800 Pepper Company 19,000 22,950 10,650 23,650 38,600 16,600 20,800 9,400 12,750 5,600 50,000 7,780 3,000 56,000 50,500 297,510 21,200 154,825 20,700

Explanation / Answer

Garcon Company Pepper Company Direct materials Beginning raw materials inventory 11000 10650 Raw materials purchases 33500 56000 Raw materials available for use 44500 66650 Less ending raw materials inventory 5900 9400 Direct materials used 38600 57250 Direct labor 19800 38600 Factory overhead Rental cost on factory equipment 27250 23650 Factory utilities 14550 12750 Factory supplies used 12400 5600 Indirect labor 1950 7780 Repairs-factory equipment 4940 3000 Total factory overhead 61090 52780 Total manufacturing costs 119490 148630 Beginning work in process inventory 18600 22950 Total cost of work in process 138090 171580 Less ending work in process inventory 27100 20800 Cost of goods manufactured $ 110990 150780 Garcon Company Pepper Company Cost of goods manufactured $ 110990 150780 Beginning finished goods inventory 13600 19000 Cost of goods available for sale 124590 169780 Less ending finished goods inventory 19250 16600 Cost of goods sold 105340 153180

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.