chapt. 14 HW #4

Using the following data,

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	13,800			$	16,150
Beginning work in process inventory			14,800				19,650
Beginning raw materials inventory			8,200				12,300
Rental cost on factory equipment			32,750				24,550
Direct labor			19,400				39,800
Ending finished goods inventory			20,000				14,300
Ending work in process inventory			23,800				18,400
Ending raw materials inventory			6,700				9,800
Factory utilities			14,850				13,000
Factory supplies used			13,900				5,800
General and administrative expenses			21,500				59,500
Indirect labor			1,650				9,340
RepairsFactory equipment			6,860				2,700
Raw materials purchases			38,500				62,500
Selling expenses			54,400				51,700
Sales			202,530				322,510
Cash			24,000				19,700
Factory equipment, net			257,500				160,825
Accounts receivable, net			13,400				19,950

1-a.	Prepare income statements for both Garcon Company and Pepper Company.