5 Shown here are annual financial data for a merchandising company and a manufacturing company. Check my wa Music World Retail Wave-Board Manufacturing Beginning inventory Merchandise Finished goods) $175,000 $ 320,000 oints Cost of merchandise purchased 230,000 596,000 eBook Cost of goods manufactured Ending inventory Merchandise. Finished goods References Required: 90,000 200,000 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. Mc Graw H 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 < Prev 5 of 5 Next > k ces W Music World Retail Wave-Board Manufacturing Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods Required: $ 175,000 $ 320,000 230,000 596,000 90,000 200,000 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 Manufacturing Business. Cost of goods sold Cost of Goods Sold for the Year Goods available for sale Cost of goods sold