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 $ 13,400 15,900 9,800 28,500 23,600 18,650 22,600 6,500 13,800 13,900 30,500 1,700 5,180 46,500 60,800 208,530 35,000 242,500 14,000 Pepper Company $ 17,950 21,300 10,350 24,100 43,000 16,200 21,600 9,200 15,250 3,400 52,500 9,100 3,250 54,000 49,600 300,010 23,700 139,825 24, 200 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. Complete this question by entering your answers in the tabs below. Required Required 1 | 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. Garcon Pepper Company 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 Required 2 > Required Required 1 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. Garcon Pepper Company Company Cost of goods available for sale Cost of goods sold $ 0 $ 0 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. Complete this question by entering your answers in the tabs below. Req 1 Req 1 Req 2 Req 2 Garcon Pepper Garcon Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax $ 0 Req 1 Garcon Req 1 Pepper > Req 1 Req 1 Req 2 | Req 2 Garcon Pepper Garcon Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax $ Reg 1 Req 1 Reg 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: 0 0 Total current assets | $ Req 1 Req 1 Req 2 Req 2 Garcon | Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets | $ 0 Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. Complete this question by entering your answers in the tabs below. Required Required Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Pepper Company Company Direct labor Factory overhead Total factory overhead Total conversion costs $ 0 $ 0
