6 Part 1 of 2 1.25 points eBook Hint Ask Print Required information Use the following information for the Exercises below. (Algo) [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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 14,500 15,600 $ 16,750 19,800 8,500 14,250 28,000 22,450 19,200 44,600 Finished goods inventory, ending 18,800 15,700 Work in process inventory, ending 25,000 18,600 Raw materials inventory, ending 5,400 9,800 Factory utilities 10,650 17,750 General and administrative expenses 29,500 56,500 Indirect labor 11,700 12,420 Repairs-Factory equipment 6,140 2,150 Raw materials purchases 41,000 59,000 Selling expenses 50,800 56,200 Sales 276,990 374,110 Cash Accounts receivable, net 31,000 14,000 18,700 23,950 References Exercise 18-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Direct materials Raw materials inventory, beginning $ 8,500 $ 14,250 Add: Raw materials purchases 41,000 59,000 Raw materials available for use 49,500 73,250 Direct materials used 49,500 73,250 Direct labor 19,200 44,600 Factory overhead Rental cost on factory equipment 28,000 22,450 Factory utilities 10,650 17,750 Indirect labor 11,700 12,420 Repairs-Factory equipment 6,140 2,150 Total factory overhead 56,490 54,770 Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 15,600 19,800 15,600 19,800 25,000 18,600 $ (9,400) $ 1,200 Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company S 14,500 16,750 Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold 18,800 15,700 $ (18,800) $ (15,700)