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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
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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 13,500 17,200 8,100 29, 250 21,000 20,150 24,100 5,900 12,000 25,500 15,500 5,660 40,500 55,600 287,610 32,000 13,400 Pepper Company $ 19,750 20,100 13,950 25,300 37,400 13,600 16,800 9,200 18,000 60,000 12,740 3,200 64,500 51,400 380,870 18,200 21,200 GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0 PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0
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