The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 12,700 16,700 11,900 34,500 19,000 21,500 26,800 6,100 12,300 24,000 13,200 7,580 43,500 57, 200 278,610 30,000 13,600 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Pepper Company $ 19,000 20,100 12,450 26,200 39,800 15,800 20,400 9,200 15,000 43,500 12,740 3,050 55,000 48,400 379,380 21,700 21,700 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.

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 12,700 16,700 11,900 34,500 19,000 21,500 26,800 6,100 12,300 24,000 13,200 7,580 43,500 57, 200 278,610 30,000 13,600 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Pepper Company $ 19,000 20,100 12,450 26,200 39,800 15,800 20,400 9,200 15,000 43,500 12,740 3,050 55,000 48,400 379,380 21,700 21,700 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.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...

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