Exercise 18-8 Cost of goods manufactured and cost of goods sold computation P1 P2 Using the following data, compute (I) the cost of goods manufactured and (2) the cost of goods so both Garcon Company and Pepper Company for the year ended December 31. 2015 Garcon Pepper Company Company $12,000 $16,450 19.950 9,000 22,750 35,000 13,300 16,000 7.200 2.000 3,200 21,000 43,000 7.660 1,500 52,000 46,000 195,030 290,010 15,700 15.825 Beginning finished goods inventory Beginning work in process 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 Repairs-Factory equipment Raw materials purchases 14,500 7,250 27,000 19,000 7.650 22,000 5,300 9,000 8,200 1,250 4,780 33,000 50,000 Check Garcon COGS 91,030 Sales Cash Factory equipment, net Accounts receivable, net 20,000 212,500 13,200 . 19,4