Chapter 14 Managerial Accounting Concepts and Principles December 31 to compute (1) the cost of goods manufactured and (2) the cost of goods sold for ea Using the following data from both Garcon Company and Pepper Company for the year ende company. Hint: Not all information is needed for the solution. Finished goods inventory, beginning... Work in process inventory, beginning.... Raw materials inventory, beginning.. Garcon Co. $ 12,000 Pepper Co. 14,500 $ 16,450 19,950 7,250 9,000 27,000 Rental cost on factory equipment. 22,750 19,000 35,000 Direct labor....... 17,650 13,300 Finished goods inventory, ending. 22,000 Work in process inventory, ending.. 16,000 5,300 Raw materials inventory, ending. 7,200 9,000 12,000 Factory utilities... General and administrative expenses.... 21,000 43,000 9,450 10,860 Indirect labor..... 4,780 Repairs-Factory equipment 1,500 33,000 52,000 Raw materials purchases 50,000 46,000 Selling expenses 195,030 290,010 Sales 20,000 15,700 Cash. Accounts receivable, net 13,200 19,450