Using the following data from both Garcon Company and Pepper Company for the year ended December 31, 2017, compute
(1) the cost of goods manufactured, and
Garcon Pepper
Company Company
Beginning finished goods inventory . . . . . . . . . . . . . . . \( 12,000 \) 16,450
Beginning work in process inventory . . . . . . . . . . . . . . 14,500 19,950
Beginning raw materials inventory . . . . . . . . . . . . . . . 7,250 9,000
Rental cost on factory equipment . . . . . . . . . . . . . . . . 27,000 22,750
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,000 35,000
Ending finished goods inventory . . . . . . . . . . . . . . . . . 17,650 13,300
Ending work in process inventory . . . . . . . . . . . . . . . . 22,000 16,000
Ending raw materials inventory . . . . . . . . . . . . . . . . . . 5,300 7,200
Factory utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000 12,000
Factory supplies used . . . . . . . . . . . . . . . . . . . . . . . . . . 8,200 3,200
General and administrative expenses . . . . . . . . . . . . . 21,000 43,000
Indirect labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,250 7,660
Repairs—Factory equipment . . . . . . . . . . . . . . . . . . . . 4,780 1,500
Raw materials purchases . . . . . . . . . . . . . . . . . . . . . . . 33,000 52,000
Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000 46,000
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195,030 290,010
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 15,700
Factory equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . 212,500 115,825
Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . 13,200 19,450
