LUITIPICLE VIC LOVIC LUTTU LIIC LUSL vi yuuus CuiaLLUI CU TUI Vuur UCI LUI LUIonly anu reppei Coillpaily li te ye December 31, 2017. Garcon Company Pepper Company Direct materials - Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process 0 Cost of goods manufactured $ 0 $ Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Reg 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Req 1A Garcon Req 1A Pepper Reg 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Req 1A Garcon Req 1A Pepper Req 1B Garcon Reg 1B Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 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, 2017. Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold $ 0 $ 0 ( Required 1 Required 2 > Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. 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 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,800 15,400 9,700 31,750 23,200 17,600 27,400 7,700 10,950 13,600 28,500 1,750 5,060 37,500 60,800 231,030 24,000 237,500 15,000 Pepper Company $ 18, 250 23,550 14,100 23, 350 40,600 16,200 17,200 8,200 13,000 3,300 53,000 7,900 2,850 63,500 50,200 330, 010 23,700 160,825 23,700 Exercise 18-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 Renuired