Required information [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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 13,900 17,400 Pepper Company $ 17,200 21,600 9,200 14,400 33,750 23,350 21,600 39,400 Finished goods inventory, ending 18,350 15,600 Work in process inventory, ending 22,300 19,000 Raw materials inventory, ending Factory utilities 6,400 7,600 10,950 13,250 General and administrative expenses 33,500 45,000 Indirect labor 10,800 12,400 Repairs-Factory equipment 7,220 3,300 Raw materials purchases 34,000 56,000 Selling expenses 55,200 58,900 Sales 272,340 393,380 Cash Accounts receivable, net 27,000 15,800 22,200 22,450 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Direct materials Raw materials inventory, beginning $ 9,200 $ 14,400 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Direct materials Raw materials inventory, beginning $ 9,200 $ 14,400 Add: Raw materials purchases 34,000 56,000 Raw materials available for use 43,200 70,400 Less: Raw materials inventory, ending 6,400 7,600 Direct materials used 36,800 62,800 Factory overhead Total factory overhead 0 0 Total manufacturing costs Total cost of work in process 0 0 Cost of goods manufactured $ 0 $ 0 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0 < Required 1 Required 2 > Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale Cost of goods sold Net income Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets < Req 2 Garcon Req 2 Pepper > Compute the total prime costs for both Garcon Company and Pepper Company. Total prime costs Garcon Company Pepper Company Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Total conversion costs