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The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct
The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,800 15,300 7,800 34,250 24,400 17,450 24,700 7,700 10,050 9,700 33,000 1,500 5,420 43,000 61,200 219,030 27,000 222,500 15, 200 Pepper Company $ 16,150 19,950 10,200 22,000 38,200 14,200 21,800 9,400 16,750 5,400 56,500 7,780 2,350 62,000 55,300 300,010 19,700 160, 825 20,200 Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 0 Sales Less: Cost of goods sold Gross profit Operating expenses General and administrative expenses Selling expenses Income (loss) before tax $ 0 Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 0 Operating expenses Income (loss) before tax $ 0 Prepare the current asset section of the balance sheet for Garcon Compa GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: 0 Total current assets $ $ 0 Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: 0 Total current assets $ 0
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