Required information Use the following information for the Exercises below. (Algo) [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. Garcon Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,300 Pepper Company $ 17,050 14,700 22,800 8,700 11,250 29,500 23,2001 24,400 35,000 Pinished goods inventory, ending 19,100 15,4001 Mork in process inventory, ending. 27,700 21,600 Raw materials inventory, ending 6,000 7,800 Factory utilities 11,250 16,000 General and administrative expenses, 32,500 47,500 Indirect labor 15,400 13,620 Repairs-Factory equipment 6,140 2,900 Rav materials purchases 45,000 65,500 Selling expenses 58,800 56,200 Sales 291,360 380,710 Cash Accounts receivable, net 20,000 15,600 20,200 21,200 Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 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. 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 Add: Raw materials purchases Raw materials available for use 0 0 Less: Raw materials inventory, ending Direct materials used 0 0 Direct labor Factory overhead Rental cost on factory equipment Factory utilities Indirect labor Repairs Factory equipment Total factory overhead 0 0 Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process 0 0 Less: Work in process inventory, ending Cost of goods manufactured $ 0 $ 0 Required information 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 calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Garcon Company Pepper Company $ 0 S 0