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Requirement 3. Calculate the cost of goods sold for each company Begin by calculating the cost of goods sold for Company A. Company A Cost of Goods Sold Now calculate the cost of goods sold for Company B. Company B Cost of Goods Sold Data Table Company A Company B Beginning balances: $ 11,000 Merchandise Inventory Finished Goods Inventory 16,200 Ending balances: 14,100 Merchandise Inventory Finished Goods Inventory 11,900 Net Purchases 155,000 Cost of Goods Manufactured 211,500 Requirement 1. Define the three business types: service, merchandising, and manufacturing. Business type Service Merchandising Manufacturing Requirement 2. Based on the data given for the two companies, determine the business type of each one. Company A is a Requirement 3. Calculate the cost of goods sold for each company. Begin by calculating the cost of goods sold for Company A Definition company and Company B is a company