Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 13,300 18,700 Pepper Company $ 16,450 21,600 7,300 11,700 31,250 25,150 21,600 36,600 Finished goods inventory, ending 21,650 16,500 Work in process inventory, ending 27,400 17,200 Raw materials inventory, ending 7,500 8,600 Factory utilities 14,250 16,750 General and administrative expenses 31,500 $1,500 Indirect labor 15,200 14,620 Repairs-Factory equipment 5,548 3,100 Raw materials purchases 34,500 65,500 Selling expenses 62,800 54,400 Sales 272,790 391,940 Cash 26,000 18,700 Accounts receivable, net 15,200 20,450 Exercise 14-7 (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 this question by entering your answers in the tabs below. 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 Finished goods inventory, beginning S 13,300 16,450 Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold 21,650 16,500 $ (21,650) $ (16,500)