Reference no: EM132627137
The following data is provided for Garcon Company and Pepper Company.
Garcon Company Pepper Company
Beginning finished goods inventory $12,800 $16,450
Beginning work in process inventory 17,200 20,700
Beginning raw materials inventory (direct materials) 11,200 10,500
Rental cost on factory equipment 35,000 22,000
Direct labor 24,600 44,600
Ending finished goods inventory 17,150 14,900
Ending work in process inventory 27,100 20,400
Ending raw materials inventory 6,400 8,200
Factory utilities 10,650 15,000
Factory supplies used (indirect materials) 12,100 3,500
General and administrative expenses 26,500 50,500
Indirect labor 1,650 8,740
Repairs-Factory equipment 7,460 1,650
Raw materials purchases 39,500 62,500
Selling expenses 62,000 57,400
Sales 219,030 305,010
Cash 26,000 24,200
Factory equipment, net 282,500 157,825
Accounts receivable, net 16,600 19,450
Required:
Question 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.
Question 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.