Answer Happy

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,200 Pepper Company $ 17,650 21,750 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor 18,700 10,600 14,100 31,750 22,300 21,800 40, 600 19, 250 16, 200 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities 24,700 20,800 6,500 8,600 13, 200 12,500 General and administrative expenses Indirect labor 22,500 44,000 11,450 14,020 Repairs-Factory equipment Raw materials purchases 5,780 2,700 47,500 52,500 Selling expenses 59,600 54,400 Sales 288,690 387,520 Cash 20,000 23, 200 Accounts receivable, net 15, 200 24, 200
Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare the income statement for Garcon Company. GARCON COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold: Goods available for sale Cost of goods sold 0 $ 0 0
Cost of goods sold: Goods available for sale Cost of goods sold Net income PEPPER COMPANY Income Statement For Year Ended December 31 0 $ 0 0
GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0
PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Total current assets $ 0