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Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) The following data is provided for

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Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory Rental cost on factory equipment Direet labor Ending finished goods inventory Ending work in proces inventory Ending raw materials inventory Factory utilities Factory supplies used General and administrative expenses Indirect labor Repairs Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,900 15,400 7,200 33.000 24.800 20,300 25,600 7,500 9.450 11.500 22.500 1,800 6,980 34.000 57,200 237.030 28.000 272,500 13,200 Pepper Company $ 19,150 22.500 10.550 22.750 41,400 16,100 17 800 7,600 12,750 5,000 56,500 9.640 3,000 61,000 51,400 300.010 17.700 133.825 23,950 Exercise 1-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 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, 2017 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 Required information 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, 2017 Garcon Company Pepper Company Direct materials Raw materials available for use o 0 Direct materials used Factory overhead 0 Total factory overhead Total manufacturing costs Total cost of work in process o Cost of goods manufactured 0 $ Exercise 1-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 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, 2017 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. 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, 2017. Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold 5 05 0 Becured Exercise 1-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company 1-b. Prepare the current assets section of the balance sheet for each company Complete this question by entering your answers in the tabs below. Reg 1A Garcon Req 1A Pepper Reg 1B Garcon Req 1B Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax Req1A Pepper > Exercise 1-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A PepperReg 1B Garcon Req 1B Pepper Prepare the income statement for Pepper Company. PEPPER COMPANY Income Statement For Year Ended December 31, 2017 Operating expenses Income (loss) before tax $ 0 Exercise 1-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Reg 1B Garcon Req 1B Pepper Prepare the current asset section of the balance sheet for Garcon Company GARCON COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets Exercise 1-9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1-a. Prepare income statements for both Garcon Company and Pepper Company. 1-b. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1A Garcon Req 1A Pepper Reg 1B Garcon Req 18 Pepper Prepare the current asset section of the balance sheet for Pepper Company, PEPPER COMPANY Partial Balance Sheet As of December 31, 2017 Inventories: Total current assets

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