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

Garcon CompanyPepper CompanyFinished goods inventory, beginning$ 13,700$ 16,450Work in process inventory, beginning18,20023,700Raw materials inventory, beginning11,00013,200Rental cost on factory equipment29,75022,150Direct labor22,00037,400Finished goods inventory, ending19,55014,600Work in process inventory, ending27,70017,200Raw materials inventory, ending5,8008,200Factory utilities12,75013,000General and administrative expenses22,00054,000Indirect labor14,15014,260RepairsFactory equipment4,8203,700Raw materials purchases40,50064,500Selling expenses61,60049,900Sales289,020379,720Cash28,00016,700Accounts receivable, net13,40022,200

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.