Compute the cost of goods manufactured

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Reference no: EM132221741

Question - Cost of goods manufactured and cost of goods sold computation

Using the following data from both Garcon Company and Pepper Company for the year ended December 31, 2019, compute (1) the cost of goods manufactured and (2) the cost of goods sold.

	Garcon Co.	Pepper Co.
Beginning finished goods inventory	$12,000	$16,450
Beginning work in process inventory	14,500	19,950
Beginning raw materials inventory (direct martial)	7,250	9,000
Rental cost on factory equipment	27,000	22,750
Direct labor	19,000	35,000
Ending finished goods inventory	17,650	13,300
Ending work in process inventory	22,000	16,000
Ending raw materials inventory	5,300	7,200
Factory utilities	9,000	12,000
Factory supplies used (indirect materials)	8,200	3,200
General and administrative expenses	21,000	43,000
Indirect labor	1,250	7,660
Repairs-Factory equipment	4,780	1,500
Raw materials purchases	33,000	52,000
Selling expenses	50,000	46,000
Sales	195,030	290,010
Cash	20,000	15,700
Factory equipment, net	212,500	115,825
Accounts receivable, net	13,200	19,450

Reference no: EM132221741

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