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

Using the following data,

	Garcia Company					Culpepper Company
Beginning finished goods inventory		$	10,000			$	16,500
Beginning goods in process inventory			22,000				19,000
Beginning raw materials inventory			7,000				12,000
Rental cost on factory equipment			31,000				20,500
Direct labor			17,000				44,000
Ending finished goods inventory			19,500				19,500
Ending goods in process inventory			23,000				22,000
Ending raw materials inventory			6,300				7,700
Factory utilities			11,000				12,000
Factory supplies used			10,000				7,500
General and administrative expenses			27,000				50,000
Indirect labor			1,250				7,660
Repairs—Factory equipment			4,780				1,500
Raw materials purchases			30,000				55,000
Sales salaries			41,000				51,000

3.

value:
10.00 points

Required information

1.	Complete the below table to calculate the cost of goods manufactured for both Garcia Company and Culpepper Company. 2. Complete the below table to calculate the cost of goods sold for both Garcia Company and Culpepper Company.

10 years ago

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