Answer Happy

[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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,700 14,900 11,000 32,000 19,600 20,000 22,300 7,300 11,100 23,500 13,200 4,940 33,500 58,400 286,950 27,000 15,000 Pepper Company $ 17,650 20,550 13,950 25,000 44,600 16,200 20,600 8,800 12,500 54,500 12,760 2,750 57,500 52,900 392,210 18,700 20,700
Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 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.