Below are data for two companies:

1. Define the three business types: service, merchandising, and manufacturing.

2. Based on the data given for the two companies, determine the business type of each one.

3. Calculate the cost of goods sold for each company.

Company A Company B

Beginning balances:

Merchandise Inventory $10,200

Finished Goods Inventory $15,200

Ending balances:

Merchandise Inventory 12,900

Finished Goods Inventory 12,300

Net Purchases 155,000

Cost of Goods Manufactured 211,00