Use the following information for the Exercises below.

Skip to question

[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		$	14,700			$	17,050
Beginning work in process inventory			16,300				23,850
Beginning raw materials inventory (direct materials)			11,500				10,800
Rental cost on factory equipment			30,750				25,450
Direct labor			23,800				37,800
Ending finished goods inventory			17,300				14,200
Ending work in process inventory			24,100				17,400
Ending raw materials inventory			7,900				10,000
Factory utilities			12,900				14,750
Factory supplies used (indirect materials)			11,500				3,300
General and administrative expenses			29,500				47,500
Indirect labor			1,550				8,980
RepairsFactory equipment			7,220				2,350
Raw materials purchases			47,000				62,500
Selling expenses			62,400				48,400
Sales			201,030				345,010
Cash			23,000				17,200
Factory equipment, net			232,500				139,825
Accounts receivable, net			14,600				23,450

Exercise 14-8 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, 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.