[The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company.

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	14,400			$	18,100
Beginning work in process inventory			16,700				21,300
Beginning raw materials inventory (direct materials)			10,400				9,900
Rental cost on factory equipment			33,500				22,450
Direct labor			24,400				40,200
Ending finished goods inventory			18,350				16,400
Ending work in process inventory			24,400				18,400
Ending raw materials inventory			7,200				9,400
Factory utilities			13,200				14,750
Factory supplies used (indirect materials)			12,400				4,000
General and administrative expenses			22,500				47,500
Indirect labor			1,750				9,460
RepairsFactory equipment			5,300				3,500
Raw materials purchases			42,000				59,000
Selling expenses			60,400				59,200
Sales			207,030				315,010
Cash			21,000				20,200
Factory equipment, net			217,500				169,825
Accounts receivable, net			15,000				20,700

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, 2019. 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. Required: 3.. Prepare income statements for both Garcon Company and Pepper Company. 4.. Prepare the current assets section of the balance sheet for each company.

Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.