[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 3 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Company $ 12,000 Pepper Company $ 16,450 19,950 Garcon 14,500 7,250 9,000 27,000 22,750 Direct labor 19,000 35,000 Finished goods inventory, ending 17,650 13,300 Work in process inventory, ending 22,000 16,000 Raw materials inventory, ending 5,300 7,200 Factory utilities 9,000 12,000 General and administrative expenses 21,000 43,000 Indirect labor 9,450 10,860 Repairs-Factory equipment 4,780 1,500. Raw materials purchases 33,000 52,000 Selling expenses 50,000 46,000 Sales 195,030 290,010 Cash 20,000 15,700 Accounts receivable, net 13,200 19,450 Income Statement For Year Ended December 31 Sales Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured $ 12,000 SA 195,030 Goods available for sale 12,000 Less: Finished goods inventory, ending (17,650) Cost of goods sold (5,650) Gross profit Selling expenses 50,000 General and administrative expenses 21,000 Net income $ (71,000) Cost of goods sold: PEPPER COMPANY Income Statement For Year Ended December 31 Goods available for sale Cost of goods sold 0 0 WINNVICLE UNS UUES BY CIRCE YOUR Required information Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 F Prepare the current asset section of the balance s GARCON COMPANY Balance Sheet-Current Assets Section December 31 Cash $ 12,000 Accounts receivable, net 13,200 Raw materials inventory 33,000 Work in process inventory 22,000 Finished goods inventory 17,650 Total current assets $ 97,850 Read R Q Search < Prev ! Comviele uns ques Required information Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pe PEPPER COMPANY Balance Sheet-Current Assets Section Cash Accounts receivable, net Raw materials inventory December 31 $ 16,450 19,450 9,000 19,950 13,300 Work in process inventory Finished goods inventory Total current assets $ 78,150 Rea 2 Garcon