Using the following data from both Garçon company and Popper company for the year ended December 31st to compute (1) the cost of goods manufactory and (2) the cost of goods sold for each company. Hint: Not all information is needed for the solution Garcon Co. Pepper Co. Finished Goods inventory, beginning $12,000 $16, 450Work-in-process inventory, beginning 14,500 19,950Raw material inventory, beginning 7,250 9,000Rental cost on Factory equipment 27,000 22,750Direct labor 19,000 35,000Finished goods inventory, ending 17,65013,300Work in process inventory, ending 22,00016,000Raw material inventory, ending 5,3007.200Factory utilities 9,00012,000General and administrative expenses 21,00043,000Indirect Labor 9,45010,860Repairs -Factory equipment 4,7801, 500Raw Materials Purchases 33,00052,000Selling expenses 50.0046,000Sales 195,030290,010Cash 20,00015,700Accounts receivable, net 13,20019,450