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The following dat is Work in process inventory, anding Finished goods inventory, beginning work in process inventory, beginning Rau naterials inventory, beginning Rental cost on
The following dat is Work in process inventory, anding Finished goods inventory, beginning work in process inventory, beginning Rau naterials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Garcon Company $12,100 Pepper Company $ 17,800 15,000 21,450 10,00 20,650 35,000 20,000 15,400 18,400 materials inventory, ending 6,500 Factory utilities 11,100 General and administrative expenses Indirect labor Repairs-Factory equipment 5,420 Rau materials purchases 35,500 Selling expenses 52,600 296,100 Cash Accounts receivable, 33,000 20,700 14,400 23,200 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 find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31 Required information [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 $ 13,900 Pepper Company $ 19,300 16,800 23,100 7,700 9,150 30,500 26,800 24,400 37,800 Finished goods inventory, ending 18,800 15,900 Work in process inventory, ending 23,200 18,400 Raw materials inventory, ending 7,200 7,600 Factory utilities 10,500 16,500 General and administrative expenses 29,000 52,500 Indirect labor 10,950 13,580 Repairs-Factory equipment 6,620 2,850 Raw materials purchases 33,500 53,500 Selling expenses 60,000 51,100 Sales 287,760 381,580 Cash 22,000 16,700 Accounts receivable, net. 16,800 20,950 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company
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