Question

Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.]

The following data is provided for Garcon Company and Pepper Company.

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	12,100			$	17,950
Beginning work in process inventory			19,000				23,100
Beginning raw materials inventory			11,700				10,050
Rental cost on factory equipment			28,750				25,900
Direct labor			20,600				37,400
Ending finished goods inventory			20,600				13,100
Ending work in process inventory			22,900				21,600
Ending raw materials inventory			6,800				9,200
Factory utilities			10,650				14,000
Factory supplies used			11,500				5,100
General and administrative expenses			31,500				56,000
Indirect labor			2,350				8,680
Repairs—Factory equipment			7,340				3,750
Raw materials purchases			37,000				63,500
Selling expenses			57,200				48,100
Sales			204,030				327,510
Cash			22,000				21,700
Factory equipment, net			232,500				148,825
Accounts receivable, net			15,800				24,950
Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 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, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.

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, 2017.

	Garcon Company	Pepper Company
Direct materials
Raw materials available for use	0	0
Direct materials used	0	0
Factory overhead
Total factory overhead	0	0
Total manufacturing costs
Total cost of work in process	0	0
Cost of goods manufactured	$0	$0

Required 2:.

Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.

	Garcon Company	Pepper Company
Cost of goods available for sale
Cost of goods sold	$0	$0