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

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Shown here are annual financial data for a merchandising company and a manufacturing company. ces Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods Required: Music World Wave-Board Retail Manufacturing $ 215,000 $220,000 250,000 595,000 120,000 280,000 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 0 Cost of goods sold < Merchandising Business Manufacturing Business > Shown here are annual financial data for a merchandising company and a manufacturing company. ces Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods Required: Music World Wave-Board Retail Manufacturing $ 215,000 $220,000 250,000 595,000 120,000 280,000 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 0 Cost of goods sold < Merchandising Business Manufacturing Business >

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To prepare the cost of goods sold section of the income statement for each company we need to calcul... View the full answer