Using the following selected data from both Garcon Company and Pepper Company for the year ended December 31, 2019, compute

(1) the cost of goods manufactured and

(2) the cost of goods sold. Beginning finished goods inventory.

Garcon Co. Pepper Co.

$ 12,000 $ 16,450 14,500 19,950 7,250 9,000 22,750 35,000 27,000 19,000 17,650 22,000 13,300 16,000 5,300 7,200 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales 9,000 12,000 8,200 3,200 21,000 1,250 43,000 7,660 1,500 4,780 33,000 50,000 52,000 46,000 290,010 195,030 Cash 20,000 15,700 Accounts receivable, net 13,200 19,450