Using the following data, Garcon Company Pepper CompanyBeginning finished goods inventory $ 15,000 $ 18,850 Beginning workin process inventory 14,600 23,700 Beginning raw materialsinventory 7,000 11,400 Rental cost on factory equipment 30,50025,300 Direct labor 20,000 38,200 Ending finished goods inventory17,750 15,100 Ending work in process inventory 25,900 18,800 Endingraw materials inventory 6,500 7,600 Factory utilities 9,600 16,000Factory supplies used 9,400 4,000 General and administrativeexpenses 26,000 48,500 Indirect labor 1,750 8,140 Repairs—Factoryequipment 6,380 2,600 Raw materials purchases 41,500 68,500 Sellingexpenses 53,200 48,400 Sales 211,530 312,510 Cash 35,000 24,200Factory equipment, net 267,500 154,825 Accounts receivable, net13,400 21,950 1-a. Prepare income statements for both GarconCompany and Pepper Company.
I need the Less: Cost of goods sold totals only forboth? How do I calculate?
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