Homework: Managerial Accounting Assignment 0 13 points References Shown here are annual financial data for a merchandising company and a manufacturing company. Music World HaveBoard Retail Manufacturing Beginning inventory Merchandise $ 175,888 Finished goods 5 358,866 Cost of merchandise purchased 226,888 Cost of goods manufactured 585,866 Ending inventory Merchandise 126,888 218,866 Finished goods Required: Prepare the cost of goods sold section ofthe 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 Merchandising Business. Cost of goods sold Goods available forsale Cost of goods sold Manufacturing Business ) Save-d Complete this question by entering your answers in the tabs below. Merchandising Manufadturing Business Business Prepare the cost of goods sold section of the income statement for the Manufacturing Business. - Goods available forsale _ Cost of goods sold ( Merchandising Business