Question

Required information The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company $17,200 23,250 13,950 23,200 38,200 13,100 17,200 7,200 16,500 4,300 47,500 8,920 1,600 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 Salcs 13,800 17,200 8,200 29,500 20,200 18,200 23,500 7,400 11,400 11,800 33,500 2,000 4, 820 47,500 62,400 249,030 34,000 267,500 14,800 52,500 53,200 337,510 16,700 142,825 19,700 Cash Pactory equipment, net Accounts receivable, nct

Answer 1

1.

	Garcon Company	Pepper Company
Direct materials
Beginning raw materials inventory	8200	13950
Raw materials purchases	47500	52500
Raw materials available for use	55700	66450
Less ending raw materials inventory	7400	7200
Direct materials used	48300	59250
Direct labor	20200	38200
Factory overhead
Rental cost on factory equipment	29500	23200
Factory utilities	11400	16500
Factory supplies used	11800	4300
Indirect labor	2000	8920
Repairs-factory equipment	4820	1600
Total factory overhead	59520	54520
Total manufacturing costs	128020	151970
Add beginning work in process inventory	17200	23250
Total cost of work in process	145220	175220
Less ending work in process inventory	23500	17200
Cost of goods manufactured $	121720	158020

2.

	Garcon Company	Pepper Company
Cost of goods manufactured $	121720	158020
Add beginning finished goods inventory	13800	17200
Cost of goods available for sale	135520	175220
Less ending finished goods inventory	18200	13100
Cost of goods sold $	117320	162120

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