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Need help knowing cost of goods sold. Thank you! Required information [The following information applies to the questions displayed below.) The following data is provided

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Required information [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 (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,400 15,900 11,500 32,250 19,800 19,400 24,100 6,700 14,100 10,300 26,000 1,350 7,820 39,000 54,400 228,630 21,000 272,500 13,800 Pepper Company $ 19,750 21,300 9,900 23,050 41,000 15,400 16,600 7,800 14,000 3,500 45,500 9,520 2,450 63,000 53,800 322,510 23,700 151,825 23,450 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. S 322,510 PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Sales Less: Cost of goods sold Gross profit Operating expenses General and administrative expenses Selling expenses 322,510 45,500 53,800 Income (loss) before tax $ 223,210 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. $ 228,030 GARCON COMPANY Income Statement For Year Ended December 31, 2019 Sales Less: Cost of goods sold Gross profit Operating expenses General and administrative expenses Selling expenses 228,030 26,000 54,400 Income (loss) before tax $ 147,630

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