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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities $ 14,600 Pepper Company $ 18,400 14,500 21,750 8,800 9,600 31,250 26,650 23,000 43,000 17,750 15,900 23,200 19,400 5,900 7,400 9,300 12,250 General and administrative expenses 24,000 56,500 Indirect labor 14.050 14,400 Repairs-Factory equipment 5,300 2,950 Raw materials purchases 38,000 61,000 Selling expenses 57,200 47,500 Sales 280,740 390,090 Cash Accounts receivable, net 25,000 13,200 16,700 24,450 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.