Required information Use the following information for the Exercises below. (Algo) 1 of 3 [The following information applies to the questions displayed below.] int Work in process inventory, ending ook int 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 Finished goods inventory, ending Garcon Company $ 13,600 17,700 Pepper Company $ 17,800 20,700 14,250) 11,800 31,500 22,150 23,200 41,800 19,400 16,000 27,100 18,000 Raw materials inventory, ending 7,000 9,000 Factory utilities 11,850 12,250 General and administrative expenses 27,000 51,500 Indirect labor 10,900 12,700 Repairs-Factory equipment 6,500 3,900 Raw materials purchases 38,500 53,000 Selling expenses 59,200 49,000 Sales 275,550 384,030 Cash Accounts receivable, net 24,000 16,600 22,700 22,700 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.