Problem 18-5A Inventory computation and reporting LO C4, P1 Shown here are annual financial data taken from two different companies. Music World Retail Wave-Board Manufacturing $185,000 $280,000 270,000 Beginning inventory Merchandise Finished goods Coat of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 571,000 120,000 250,000 Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchandising Business and Manufacturing Business Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Merchandising Business. MUSIC WORLD RETAIL Cost of Goods Sold For The Year Cost of goods sold Goods available for sale Cost of goods sold Mlg Business > Complete this question by entering your answers in the tabs below. Merch Business Mfg Buliness Prepare the cost of goods sold section of the income statement for the year for company in Manufacturing Busine WAVE BOARD MEG Cost of Goods Sold For The Year Cost of goods sold Goods available for sale Cost of goods sold