Using the following data, compute (1) the cost of goods manufactured and (2) the cost of goods sold for both Garcia Company and Culpepper Company.

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Garcia Culpepper Company Company Beginning finished goods inventory $12,000 $16,450 Beginning goods in process inventory 14,500 19,950 Beginning raw materials inventory 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 goods in process inventory 22,000 16,000 Ending raw materials inventory 5,300 7,200 Factory utilities .. 9,000 12,000 Factory supplies used. 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 Sales salaries 50,000 46,000