The following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 14,300 $ 18,400 beginning work in process inventory 14,600 20,100 beginning raw materials inventory 7,000 9,750 rental cost on factory equipment 33,500 25,750 direct labor 24,000 39,000 ending finished goods inventory 17,600 16,700 ending work in process inventory 26,200 20,400 ending raw materials inventory 5,900 8,400 factory utilities 11,100 14,250 factory supplies used 12,700 5,200 general and administrative expenses 26,500 56,000 indirect labor 1,350 8,800 repairs—factory equipment 6,620 2,600 raw materials purchases 42,500 56,500 selling expenses 62,800 46,300 sales 246,030 300,010 cash 21,000 16,700 factory equipment, net 247,500 166,825 accounts receivable, net 14,000 22,200 1-a. prepare income statements for both garcon company and pepper company. 1-b. prepare the current assets section of the balance sheet for each company

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02