Required information Use the following information for the Exercises below. (Aigo) (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 Pepper Company Company Finished goods inventory, $ $ beginning 13,900 17,800 Work in process inventory, 16,000 23,850 beginning Raw materials inventory, 10,600 14,850 beginning Rental cost on factory 28,000 25,158 equipment Direct labor 23, 480 39, 400 Finished goods inventory. ending 18,950 16,000 Work in process inventory, ending 23,500 21,800 Raw materials inventory. 8,000 7,600 ending Factory utilities 10,500 16,258 General and administrative 31,500 $3,500 expenses Indirect labor 14,50 14,920 Repairs-Factory equipment 6,260 2,750 Raw materials purchases 47,588 63,80 Selling expenses 60,400 51,700 Sales 283,200 383,540 Cash 31,000 20,700 Accounts receivable, net 16,880 24,450 Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Reg 1 Reg 1 Reg 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the income statement for Garcon Company GARCON COMPANY Incorne Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold 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 Decemb 42 Garcon Pepper Company Company $ 13,900 17,800 16.000 23,850 10,680 14,850 t 28.000 23,400 18,950 25, 150 39,400 16,800 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net ence 23,500 21,880 8,000 7,600 18,500 16,250 31,500 53,500 14,050 14,928 6,260 2,750 47,580 63,000 60,400 51,700 283,200 383,540 31,000 20,700 16,880 24,450 Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Reg 1 Reg 1 Reg 2 Req 2 Garcon Pepper Garcon Pepper Prepare the income statement for Pepper Company PEPPER COMPANY Income Statement For Year Ended December 31 Cost of goods sold Good labore Costel goods sold 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 Garcon Pepper Company Company Finished goods inventory, $ $ beginning 13,900 17,888 Work in process inventory, 16,000 23,850 beginning Raw materials inventory, beginning 10,688 14,850 Rental cost on factory equipment 28,880 25,150 Direct labor 23,400 39,408 Finished goods inventory. 18,950 ending 16,888 Work in process inventory, ending 23,580 21,800 Raw materials inventory, ending 8,000 7,600 Factory utilities 10,500 16, 250 General and administrative 31,500 53,500 expenses Indirect labor 14,95 14,928 Repairs-Factory equipment 6,260 2,750 Raw materials purchases 47,580 63,000 Selling expenses 60,400 51,700 Sales 283,200 383,540 Cash 31,000 2,700 Accounts receivable, net 16,800 24,450 Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Reg 1 Reg 1 Req 2 Reg 2 Garcon Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Balance Sheet Current Assets Section December 31 Total current 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 Decembe Garcon Pepper Company Company Finished goods inventory $ $ beginning 13,900 17,800 Work in process inventory, 16,000 23,850 beginning Raw materials inventory, 18,600 14,850 beginning Rental cost on factory equipment 28,000 25,150 Direct labor 23,400 39,400 Finished goods inventory. ending 18,950 16,000 Work in process inventory. ending 23,500 21,800 Raw materials inventory. ending 8,888 7,600 Factory utilities 10,500 16,250 General and administrative expenses 31,580 53,500 Indirect labor 14.050 14,920 Repairs-Factory equipment 6,260 2,750 Raw materials purchases 47,500 63,000 Selling expenses 60,400 51,700 Sales 283,200 383,540 Cash 31,080 20, 700 Accounts receivable, net 16,800 24,450 Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Reg1 Reg 1 Reqz Reg 2 Garcon Pepper Garcon Pepper Prepare the current asset section of the balance sheet for Pepper Company PEPPER COMPANY Balance Sheet Current Assets Section December 31 Reg 2 Garson