Indicate whether each of these equations applies to a service organization (SER), a retail organization (RET), or a manufacturing organization (MANF):

1. Cost of Goods Sold – Beginning Merchandise Inventory +

Net Cost of Purchases – Ending Merchandise Inventory

2. Cost of Sale – Net Cost of Services Sold

3. Cost of Goods Sold – Beginning Finished Goods Inventory +

Cost of Goods Manufactured – Ending Finished Goods Inventory