Using the following data from both Garcon Company and Pepper Company for the year ended December 31 to compute (1) the cost of goods manufactured and (2) the cost of goods sold for each company. Hint: Not all information is needed for the solution. Exercise 14-8 Preparing financial statements for a manufacturer Refer to the data in Exercise 147. For each company, prepare (1) an income statement and (2) the current assets section of the balance sheet. Exercise 14-9 Computing prime and conversion costs 4 C2 Refer to the data in Exereise 147. For each company, compute the total (1) prime costs and (2) conversion costs