Shown here are annual financial data for a merchandising company and a manufacturing company.

Shown here are annual financial data for a merchandising company and a manufacturing company.
Music World Retail
Beginning inventory
Merchandise
Finished goods
Cost of merchandise purchased
Cost of goods manufactured
Ending inventory
Merchandise
Finished goods
Required:
Wave-Board Manufacturing
$ 200,000
$ 500,000
300,000
875,000
175,000
225,000
Prepare the cost of goods sold section of the income statement for each company.
Complete this question by entering your answers in the tabs below.
Merchandising Manufacturing Business
Business
Prepare the cost of goods sold section of the income statement for the Merchandising Business.
Cost of goods sold
Cost of Goods Sold for the Year
Goods available for sale
Cost of goods sold

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