Required information

Skip to question

[The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31.

	Garcon Company	Pepper Company
Finished goods inventory, beginning	$ 14,900	$ 16,150
Work in process inventory, beginning	14,500	22,650
Raw materials inventory, beginning	8,200	12,900
Rental cost on factory equipment	29,250	25,000
Direct labor	23,800	41,000
Finished goods inventory, ending	19,100	16,900
Work in process inventory, ending	22,300	18,400
Raw materials inventory, ending	5,600	7,400
Factory utilities	9,600	16,250
General and administrative expenses	32,000	45,500
Indirect labor	13,300	13,840
RepairsFactory equipment	7,100	3,750
Raw materials purchases	41,500	67,500
Selling expenses	57,600	49,900
Sales	294,930	397,380
Cash	29,000	18,700
Accounts receivable, net	16,600	21,450

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.