The following data is provided for Garcon Company and Pepper Company. Garcon Company Beginning finished goods inventory Beginning work in process inventory $ 12,900 Pepper Company $ 19,450 14,700 19,650 Beginning raw materials inventory (direct materials) 8,400 12,450 Rental cost on factory equipment 27,250 26,800 Direct labor 20,000 35,400 Ending finished goods inventory 18,200 15,800 Ending work in process inventory 25,900 19,400 Ending raw materials inventory 6,300 9,200 Factory utilities 13,050 17,500 Factory supplies used (indirect materials) 8,200 3,500 General and administrative expenses 32,500 46,000 Indirect labor 1,800 8,260 Repairs-Factory equipment 5,180 1,650 Raw materials purchases 44,000 54,000 Selling expenses 62,000 57,100 Sales. Cash Factory equipment, net Accounts receivable, net 211,530 345,010 23,000 16,200 282,500 14,400 121,825 21,200 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year e December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ende December 31, 2019. 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, 2019. December 31, 2019. Garcon Company Pepper Company Direct materials Beginning raw materials inventory $ 8,400 $ 12,450 Add: Raw materials purchases Raw materials available for use 8,400 12,450 Direct materials used 8,400 12,450 Factory overhead Rental cost on factory equipment 27,250 26,800 Factory utilities 13,050 17,500 Factory supplies used 8,200 3,500 Indirect labor 1,800 8,260 Repairs-Factory equipment 5,180 1,650 55,480 57,710 Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Cost of goods manufactured 14,700 19,650 14,700 19,650 $ 14,700 $ 19,650 if 2 k 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, 2019. Cost of goods available for sale Cost of goods sold Garcon Company Pepper Company $ $ < Required 1 Required 2 > Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses Income (loss) before tax 0 0 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2019 Operating expenses 0 Income (loss) before tax $ 0 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Garcon Company. GARCON COMPANY Partial Balance Sheet As of December 31, 2019 Inventories: Total current assets S 0 0 Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper 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