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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Finished goods inventory, beginning

The following data is provided for Garcon Company and Pepper Company for the year ended December 31.

Garcon Company Pepper Company
Finished goods inventory, beginning $ 13,100 $ 16,300
Work in process inventory, beginning 15,500 22,350
Raw materials inventory, beginning 8,200 10,950
Rental cost on factory equipment 34,000 26,050
Direct labor 21,800 37,000
Finished goods inventory, ending 19,100 16,900
Work in process inventory, ending 27,400 19,600
Raw materials inventory, ending 6,400 10,000
Factory utilities 11,550 16,750
General and administrative expenses 28,000 47,000
Indirect labor 13,600 12,860
RepairsFactory equipment 7,820 1,850
Raw materials purchases 40,000 55,000
Selling expenses 63,600 47,800
Sales 289,020 394,900
Cash 22,000 16,700
Accounts receivable, net 15,600

20,700

image text in transcribed

GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets

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