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please help with both the problems. ive been at this for awhile and still dont understand it The following data is provided for Garcon Company

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image text in transcribedplease help with both the problems. ive been at this for awhile and still dont understand it
The following data is provided for Garcon Company and Pepper Company Garcon Company $ 12,500 17,100 Pepper Company $ 17,200 20,550 10,700 11,250 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 31,250 20,800 19,250 25,900 6,700 12,450 12,100 34,500 1,850 7,700 44,500 58,000 228,030 20,000 247,500 15,400 22,150 40,600 15,100 18, 200 8,200 13,500 3,500 45,000 7,900 2,300 68,500 53,200 305, 010 16,700 139,825 19,700 Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 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, 2019 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019 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. Garcon Company $ 12,500 17,100 Pepper Company $ 17,200 20,550 10,700 11,250 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 31,250 20,800 19, 250 25,900 6,700 12,450 12,100 34,500 1,850 7,700 44,500 58,000 228,030 20,000 247,500 15,400 22,150 40,600 15,100 18,200 8,200 13,500 3,500 45,000 7,900 2,300 68,500 53,200 305,010 16,700 139, 825 19,700 Exercise 14.9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company

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