Using the following data, compute
(1) The cost of goods manufactured and
(2) The cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2015.

Transcribed Image Text:

Garcon Pepper Company Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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. General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 12000 $16,450 9,950 9,000 22,750 35,000 3,300 6,000 7,200 2,000 3,200 43,000 7.660 ,500 52,000 46,000 14,500 7,250 27,000 19.000 17.650 22,000 5.300 9,000 8,200 21,000 I,250 4.780 33,000 50,000 95.030 290,010 15,700 212.500 15,825 19,450 20,000 13.200