Required information

[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		$	14,500			$	19,900
Beginning work in process inventory			17,700				20,100
Beginning raw materials inventory (direct materials)			11,800				13,650
Rental cost on factory equipment			32,000				23,350
Direct labor			19,400				37,400
Ending finished goods inventory			21,200				16,900
Ending work in process inventory			23,200				18,200
Ending raw materials inventory			7,000				9,600
Factory utilities			13,200				16,000
Factory supplies used (indirect materials)			12,100				5,100
General and administrative expenses			28,500				45,500
Indirect labor			1,850				9,880
RepairsFactory equipment			6,140				2,100
Raw materials purchases			45,500				69,000
Selling expenses			60,000				55,000
Sales			205,530				345,010
Cash			25,000				21,700
Factory equipment, net			247,500				124,825
Accounts receivable, net			15,600				20,450

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.

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 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax 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 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Direct materials Raw materials available for use Direct materials used 0 0 Total prime costs $ 0 $