- The Following Information Applies To The Questions Displayed Below The Following Data Is Provided For Garcon Company A 1 (50.38 KiB) Viewed 12 times
- The Following Information Applies To The Questions Displayed Below The Following Data Is Provided For Garcon Company A 2 (18.26 KiB) Viewed 12 times
[the following information applies to the
questions displayed below. The following data is provided for Garcon
Company and Pepper
Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon
Company $ 12,700 14,900 11,000 32,000 19,600 20,000 22,300 7,300 11,100 23,500 13,200 4,940 33,500 58,400 286,950 27,000 15,000 Pepper
Company $ 17,650 20,550 13,950 25,000 44,600 16,200 20,600 8,800 12,500 54,500 12,760 2,750 57,500 52,900 392,210 18,700 20,700
Exercise 14-8 (Algo) Preparing financial statements for a manufacturer LO P1 1. Prepare income statements for both Garcon
Company and Pepper
Company. 2. Prepare the current assets section of the balance sheet for each
company.