Question

[The following information applies to the questions displayed below.] The following data is provided for Garcon...

[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 $ 13,800 $ 16,000
Beginning work in process inventory 17,300 23,400
Beginning raw materials inventory (direct materials) 8,100 10,500
Rental cost on factory equipment 28,750 24,250
Direct labor 21,000 36,200
Ending finished goods inventory 20,300 16,000
Ending work in process inventory 22,300 17,000
Ending raw materials inventory 6,600 9,400
Factory utilities 12,150 13,500
Factory supplies used (indirect materials) 10,600 3,700
General and administrative expenses 25,500 46,000
Indirect labor 1,450 9,640
Repairs—Factory equipment 5,420 3,900
Raw materials purchases 38,000 57,000
Selling expenses 62,400 56,500
Sales 204,030 305,010
Cash 21,000 17,700
Factory equipment, net 227,500 121,825
Accounts receivable, net 13,600 24,200

Required:
1. Compute the total prime costs for both Garcon Company and Pepper Company.
2. Compute the total conversion costs for both Garcon Company and Pepper Company.

Garcon Company Pepper Company
Direct materials
Raw materials available for use
Direct materials used
Total prime costs
Garcon Company Pepper Company
Direct labor
Factory overhead
Total factory overhead
Total conversion costs

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 14,900 $ 17,350 Beginning work in process inventory 18,700 20,850 Beginning raw materials inventory 11,000 10,950 Rental cost on factory equipment 27,250 26,950 Direct labor 22,800 43,800 Ending finished goods inventory 17,000 16,300 Ending work in process inventory 25,000 20,400 Ending raw materials inventory 6,800 7,400 Factory utilities 10,500 17,250 Factory supplies used 13,600 4,700 General and administrative expenses 29,000...
Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company...
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 information [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...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $25,000; factory rent, $34,000; factory utilities, $24,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $54,000; indirect labor, $25,000; factory rent, $34,000; factory utilities, $24,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $665,000 cash in April. Costs of...
Required information [The following information applies to the questions displayed below.] Sierra Company manufactures woven blankets...
Required information [The following information applies to the questions displayed below.] Sierra Company manufactures woven blankets and accounts for product costs using process costing. Data below are for one of its processing departments. The following information is available regarding its May inventories Beginning Inventory Ending Inventory Raw materials inventory $ 66,000 $ 43,000 Work in process inventory 404,000 541,000 Finished goods inventory 602,000 532,000 The following additional information describes the company's production activities for May. Raw materials purchases (on credit)...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $85,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $387,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $26,000; factory rent, $35,000; factory utilities, $21,000; and factory equipment depreciation, $56,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April. Costs of...
Use the following information to answer questions [The following information applies to the questions displayed below.]...
Use the following information to answer questions [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 32,000 $ 36,000 Work in process 10,000 18,700 Finished goods 65,000 34,100 Activities and information for May Raw materials purchases (paid with cash) 172,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 10,000 Indirect...
Required information [The following information applies to the questions displayed below.] Sierra Company manufactures woven blankets...
Required information [The following information applies to the questions displayed below.] Sierra Company manufactures woven blankets and accounts for product costs using process costing. Data below are for one of its processing departments. The following information is available regarding its May inventories. Beginning Inventory Ending Inventory Raw materials inventory $ 60,000 $ 92,500 Work in process inventory 435,000 515,000 Finished goods inventory 633,000 605,000 The following additional information describes the company's production activities for May. Raw materials purchases (on credit)...
[The following information applies to the questions displayed below.] Li Company produces large quantities of a...
[The following information applies to the questions displayed below.] Li Company produces large quantities of a standardized product. The following information is available for its production activities for January.   Raw materials   Factory overhead incurred   Beginning inventory $ 18,000   Indirect materials used $ 77,500      Raw materials purchased (on credit) 285,000   Indirect labor used 40,000      Direct materials used (171,500 )   Other overhead costs 162,360      Indirect materials used (77,500 )   Total factory overhead incurred $ 279,860      Ending Inventory $...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory...
Required information [The following information applies to the questions displayed below.] Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $520,000, and factory payroll cost in April is $383,000. Overhead costs incurred in April are: indirect materials, $52,000; indirect labor, $27,000; factory rent, $32,000; factory utilities, $22,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of...