Check my we 5 Shown here are annual financial data for a merchandising company and a manufacturing company. Boints Music World Waveboard Retail Manufacturing Beginning inventory Merchandise $ 175,000 Finished goods $ 320,000 Cost of merchandise purchased 230,000 Cost of goods manufactured 596,000 Ending inventory Merchandise 90,000 Finished goods 200,000 Required: Prepare the cost of goods sold section of the income statement for each company, eBook References 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 for the Year Cost of goods sold Goods available for sale Cost of goods sold Mc Graw