Exercise 14-9 Prepare financial statements for a manufacturer LO C4, P2 Using the following data, Garcon Company Pepper Company $ 14,600 19,450 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor 4,900 10,800 32,500 20,000 21,050 27,100 5,800 12,150 10,900 28,000 1,900 6,740 20,250 11,250 24,250 42,200 14,200 17,200 9,600 15,000 5,600 46,500 8,200 1,800 Repairs Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 50,800 195,030 21,000 272,500 16,400 40,00056,000 55,900 320,010 16,200 166,825 23,700