question archive The following data is provided for Garcon Company and Pepper Company Beginning finished goods inven Beginning work in process inventor 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 $ 13,000 16,200 11,600 34,750 22,200 18,800 22,300 7,000 14,400 13,600 25,500 1,750 7,580 40,500 57,600 204,030 20,000 247,500 16,200 Pepper Company $ 18,400e 21,450 9,600 23,050 35,800 15,800 17,000 9,000 12,500 3,800 43,500 8,560 3,350 63,500 51,700 345,01e 21,700 166,825 23,200 tor
The following data is provided for Garcon Company and Pepper Company Beginning finished goods inven Beginning work in process inventor 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 $ 13,000 16,200 11,600 34,750 22,200 18,800 22,300 7,000 14,400 13,600 25,500 1,750 7,580 40,500 57,600 204,030 20,000 247,500 16,200 Pepper Company $ 18,400e 21,450 9,600 23,050 35,800 15,800 17,000 9,000 12,500 3,800 43,500 8,560 3,350 63,500 51,700 345,01e 21,700 166,825 23,200 tor
Subject:AccountingPrice:2.85 Bought3
The following data is provided for Garcon Company and Pepper Company Beginning finished goods inven Beginning work in process inventor 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 $ 13,000 16,200 11,600 34,750 22,200 18,800 22,300 7,000 14,400 13,600 25,500 1,750 7,580 40,500 57,600 204,030 20,000 247,500 16,200 Pepper Company $ 18,400e 21,450 9,600 23,050 35,800 15,800 17,000 9,000 12,500 3,800 43,500 8,560 3,350 63,500 51,700 345,01e 21,700 166,825 23,200 tor
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Solution:(1). Calculation of cost of goods manufactured:
| Particulars | Garcon Co. ($) | Pepper Co. ($) |
| Direct materials | ||
| Beginning raw materials inventory | 11,600 | 9,600 |
| Add: Raw materials Purchased | 40,500 | 63,500 |
| Raw materials available for use | 52,100 | 73,100 |
| Less: Ending raw materials inventory | 7,000 | 9,000 |
| Direct materials used(a) | 45,100 | 64,100 |
| Direct labor(b) | 22,200 | 35,800 |
| Factory overhead | ||
| Rental cost on factory equipment | 34,750 | 23,050 |
| Factory utilities | 14,400 | 12,500 |
| Factory supplies used | 13,600 | 3,800 |
| Indirect labor | 1,750 | 8,560 |
| Repairs factory equipment | 7,580 | 3,350 |
| Total factory overhead(c) | 72,080 | 51,260 |
| Total Manufacturing cost(a+b+c=d) | 139,380 | 151,160 |
| Add: Beginning work in progress inventory(e) | 16,200 | 21,450 |
| Total cost of work in process(d+e=f) | 155,580 | 172,610 |
| Less: Ending work in progress inventory (g) | 22,300 | 17,000 |
| Cost of goods manufactured (f-g) | 133,280 | 155,610 |
Solution:(2). Calculation of cost of goods sold:
| Particulars | Garcon Co. ($) | Pepper Co. ($) |
| Beginning finished goods Inventory | 13,000 | 18,400 |
| Add: Cost of goods manufactured | 133,280 | 155,610 |
| Cost of goods available for sale | 146,280 | 174,010 |
| Less: Ending finished goods Inventory | 18,800 | 15,800 |
| Cost of goods sold | 127,480 | 158,210 |
