Chapter 3 Discussion Question We are now preparing an income statement for a manufacturing company which includes the cost of good sold. Please explain the difference in the cost of goods sold for a manufacturing company when compared to a retail merchandisp company. Identify the actual costs ingredients that make up the cost of goods sold in a manufacturing company. Explain the relationship between financial statements for Inventory accounts & Cost of Goods Sold. End your post with a question to the class. The question should be related to the above question(s). (Min. 150 words).