Question

Check my work 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. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. ces Pepper Company Garcon Company 18,700 Beginning finished goods inventory Add: Cost of goods manufactured 13,900 Cost of goods available for sale Less: Ending finished goods inventory 18,650 13,100 $ (18.650) S (13,100) Cost of goods sold < Required 1

Answer 1

	Requirement 1
		Garcon company	Pepper company
	Direct materials
	Beginning raw materials inventory	$       7,300	$       14,550
Add:	Raw Material purchased	$     35,000	$       63,500
	Raw Material available to use	$     42,300	$       78,050
Deduct:	Ending Raw Material Inventory	$       6,900	$         7,400
	Direct material used	$     35,400	$       70,650
	Direct Labor	$     23,600	$       44,600
	Factory overhead
	Rental cost on factory equipment	$     31,750	$       23,200
	Factory utilities	$     13,950	$       17,000
	Factory Supplies used	$     13,600	$         3,900
	Indirect labor	$       1,400	$         9,760
	Repairs-Factory equipment	$       5,060	$         3,400
	Total factory overheads	$     65,760	$       57,260
	Total manufacturing cost	$ 1,24,760	$   1,72,510
Add:	Beginning work in process inventory	$     15,100	$       22,050
	Total cost of work in process	$ 1,39,860	$   1,94,560
Deduct:	Ending work in process inventory	$     24,700	$       18,400
	Cost of goods manufactured	$ 1,15,160	$   1,76,160
	Requirement 2
		Garcon company	Pepper company
	Beginning finished goods inventory	$     13,900	$       18,700
Add:	Cost of goods manufactured	$ 1,15,160	$   1,76,160
	Cost of goods available for sale	$ 1,29,060	$   1,94,860
Deduct:	Ending finished goods inventory	$     18,650	$       13,100
	Cost of goods sold	$ 1,10,410	$   1,81,760