1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.

1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company.

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factor supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,100 18,400 8,900 32,000 23,600 19,700 22,600 7,900 13,650 11,800 32,000 1,350 5,780 39,000 52,400 201,030 26,000 232,500 15,400 Pepper Company $ 17,800 19,800 11,850 25, 150 35, 400 14,800 16,600 9,000 16,500 3,700 55,500 7,660 1,750 61,000 55,600 317,510 17,200 148,825 20,200 Garcon Company Pepper Company Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax