[The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31.

	Garcon Company	Pepper Company
Finished goods inventory, beginning	$ 14,600	$ 19,150
Work in process inventory, beginning	16,600	20,400
Raw materials inventory, beginning	9,600	11,400
Rental cost on factory equipment	34,000	25,150
Direct labor	23,600	36,600
Finished goods inventory, ending	17,450	14,500
Work in process inventory, ending	25,300	18,800
Raw materials inventory, ending	5,600	7,800
Factory utilities	13,500	17,500
General and administrative expenses	26,000	59,000
Indirect labor	15,450	12,380
RepairsFactory equipment	5,300	3,050
Raw materials purchases	36,500	53,000
Selling expenses	54,400	59,200
Sales	282,000	378,990
Cash	21,000	20,200
Accounts receivable, net	16,000	20,450

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.

1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company.

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.