1.500 Accounts receivable, Prepaid expenses Exercise 14-8 Cost of goods manufactured and cost of goods sold computation P1 P2 $ 16,450 19,950 9,000 35,000 13,300 Direct labor... 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 Beginning work in process inventory 14.500 Beginning raw materials inventory direct materials)... 7.250 Rental cost on factory equipment... 27,000 22,750 19.000 Ending finished goods inventory 17.650 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 46.000 195,030 290,010 20,000 15,700 Factory equipment, net 212,500 115,825 Accounts receivable, net 13,200 19,450 Sales Cash Check Garcon COGS $91.030