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! Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company Garcon pper Company Company $ 14,300 16,700 9,100 32,000 21,400 18,650 23,500 7,500 12,150 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor 19,900 19,650 13,800 25,300 39,800 15,400 17,000 8,000 13,500 4,100 44,000 8,140 4,000 62,000 54,700 305,010 20,700 130,825 22,450 Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor 10,000 31,000 1,400 5,180 40,500 58,000 228,030 33,000 287,500 14,200 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Exercise 14-9 Preparing financial statements for a manufacturer LO C4, P2 Required information Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 S Sales 228,030 Less: Cost of goods sold 106,550 Gross profit 121,480 Operating expenses General and administrative 31,000 expenses Selling expenses 58,000 Income (loss) before tax 32,480 Req 1A Pepper> Rea 1A Garcon Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 S Sales 305,010 Less: Cost of goods sold Gross profit 305,010 Operating expenses General and administrative 44,000 expenses Selling expenses 54,700 Income (loss) before tax 206,310 Req 1B Garcon Req 1A Garcon Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company S 19,900 19,650 13,800 25,300 39,800 15,400 Company S 14,300 16,700 9,100 32,000 21,400 18,650 23,500 Beginning finished goods inventory Beginning work in process inventory Beqinning raw materials inventory Rental cost on factory equipment Direct 1abor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor 17,000 7,500 12,150 10,000 31,000 1,400 5,180 40,500 58,000 228,030 33,000 287,500 14,200 8,000 13,500 4,100 44,000 8,140 4,000 62,000 54,700 305,010 20,700 130,825 22,450 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 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, 2017. Garcon Pepper Company Company Direct materials 9,100 S 13.800 Beginning raw materials inventory 40,500 Add: Raw materials purchases 62,000 Raw materials available for use 49,600 75,800 Less: Ending raw materials inventory 7,500 8,000 Direct materials used 42,100 67,800 21,400 Direct labor 39,800 Factory overhead 32,000 Rental cost on factory equipment 25,300 Factory utilities 12,150 13,500 4,100 Factory supplies used 10,000 8,140 Indirect labor 1,400 Repairs-Factory equipment 4,000 5,180 60,730 Total factory overhead 55,040 63,500x 107,600 x Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process 13,800x 9,100 72,600 121,400 Less: Ending work in process inventory 23,500 17,000 49,100 S Cost of goods manufactured 104,400 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, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 X Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 Garcon Pepper Company Company Beginning finished goods inventory 14,300 19,900 Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold 0 Required 1 Required 2 >