The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direct labor Garcon Company $ 12,100 Pepper Company $ 18,100 15,700 22,800 7,900 14,700 32,750 22,600 24,800 43,800 Ending finished goods inventory 20,150 13,600 Ending work in process inventory 28,000 19,400 Ending raw materials inventory 6,900 8,000 Factory utilities 14,700 13,750 Factory supplies used 9,100 5,300 General and administrative expenses 26,500 46,500 Indirect labor 2,150 9,880 Repairs-Factory equipment 5,540 3,150 Raw materials purchases 46,500 63,500 Selling expenses 61,600 53,200 Sales 210,030 295,010 Cash 33,000 19,200 Factory equipment, net 227,500 160,825 Accounts receivable, net 13,200 20,950 Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 R Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. Direct materials Garcon Company Pepper Company Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Garcon Company Pepper Company S Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017. Cost of goods available for sale Cost of goods sold Garcon Company Pepper Company Exercise 14-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pep Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Prepare the current asset section of the balance sheet for Garcon GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Req 1A Garcon Req 1A Pepper Req 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet for Pepp PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets