! 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. Garcon Pepper Company 17,950 22,050 12,750 24,550 42,200 14,600 17,600 9,200 17,000 Company 12,000 14,600 11,100 32,500 22,600 18,800 22,900 7,500 9,900 10,600 Beginning finished goods inventory Beginning work in process inventory Beginning Rental cost on raw materials inventory factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending Factory utilities Factory supplies used General and administrative expenses raw materials inventory 4,400 54,500 8,080 3,600 68,500 32,000 Indirect labor 2,050 7,100 39,500 63,600 208,530 26,000 222,500 14,600 Repairs-Factory equipment Raw materials purchases Selling expenses Sales 53,500 315,010 18,200 127,825 20,950 Cash Factory equipment, net Accounts receivable, net 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 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 Pepper Company Company Direct materials Beginning raw materials inventory 11,100 $ 12,750 68,500 Add: Raw materials purchases 39,500 Raw materials available for use 81,250 50,600 (9,200) Less: Ending raw materials inventory (7,500) Direct materials used 43,100 72,050 Direct labor 22,600 42,200 Factory overhead Rental cost on factory equipment 32,500 24,550 Factory utilities 9,900 17,000 Factory supplies used 10,600 4,400 Indirect labor Repairs-Factory equipment Total factory overhead 45,950 53,000 8,080 Total manufacturing costs 2,050 Add: Beginning work in process inventory 14,600 22,050 Total cost of work in process 16,650 30,130 Less: Ending work in process inventory 22,900 17,600 12,530 Cost of goods manufactured (6,250) Complete this question by entering your answers in the tabs below. Required 2 Required 1 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 Pepper Company Company Beginning finished goods inventory Add: Cost of goods manufactured 12,000 17,950 Cost of goods available for sale Less: Ending finished goods inventory 18,800 14,600 (18,800)$ (14,600) Cost of goods sold Required 1 Required 2