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, Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 13,500 Pepper Company $ 16,750 21,750 18,400 10,700 9,450 31,750 22,000 23,800 35,400 Finished goods inventory, ending 20,000 16,400 Work in process inventory, ending 22,600 21,600 Raw materials inventory, ending 6,800 7,800 Factory utilities 13,350 17,500 General and administrative expenses 35,000 44,500 Indirect labor 15,050 12,960 Repairs-Factory equipment 6,620 3,200 Raw materials purchases 37,500 54,000 Selling expenses 61,200 57,700 Sales 280,200 395,630 Cash 33,000 21,700 Accounts receivable, net 15,800 21,950 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company 0 0 0 0 0 0 0 0 $ 0 $ 0 Goods available for sale Cost of goods sold Garcon Company Pepper Company $ EA 0 $ 0 Cost of goods sold: Goods available for sale Cost of goods sold GARCON COMPANY Income Statement For Year Ended December 31 0 + $ 0 Cost of goods sold: Goods available for sale Cost of goods sold Net income PEPPER COMPANY Income Statement For Year Ended December 31 0 0 GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ EA 0 PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0