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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.

Required information

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

Garcon Company Pepper Company
Beginning finished goods inventory $ 13,700 $ 19,450
Beginning work in process inventory 18,700 23,850
Beginning raw materials inventory (direct materials) 11,800 10,500
Rental cost on factory equipment 31,500 25,300
Direct labor 20,200 43,000
Ending finished goods inventory 17,600 15,200
Ending work in process inventory 24,700 21,200
Ending raw materials inventory 5,600 8,400
Factory utilities 14,850 16,250
Factory supplies used (indirect materials) 13,900 5,900
General and administrative expenses 23,000 43,500
Indirect labor 1,200 8,080
RepairsFactory equipment 5,060 3,550
Raw materials purchases 47,000 61,500
Selling expenses 52,400 46,600
Sales 199,530 325,010
Cash 34,000 16,700
Factory equipment, net 272,500 130,825
Accounts receivable, net 14,800 24,700

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.image text in transcribed

Garcon Company Pepper Company $ $ Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead Rental cost on factory equipment Factory supplies used Indirect labor RepairsFactory equipment 11,800 47,000 58,800 5,600 53,200 20,200 10,500 61,500 72,000 8,400 63,600 43,000 31,500 13,900 1,200 5,060 25,300 5,900 8,080 3,550 0 0 42,830 Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured 51,660 6,000 18,700 24,700 24,700 0 $ 23,850 23,850 21,200 2,650 $

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