Shown here are annual financial data for a merchandising company and a manufacturing company.
tabletableMusicWorldRetailtableWaveBoardManufacturingBeginning inventory,$MerchandisetableFinished goodsCost of merchandisepurchasedCost of goods,,manufacturedEnding inventory,,MerchandiseFinished goods,,Required:
Prepare the cost of goods sold section of the income statement for each company.
Complete this question by entering your answers in the tabs below.
Merchandising Business
Manufacturing Business
