Cost of goods sold—merchandiser and manufacturer LO₂ The following data were taken from the general ledgers and other data of Merlon Manufacturing Inc. and Copperfield Merchandising Co. on April 30 of the current year:

Merchandise inventory, April I $ 33,000 Finished goods, April I 61,000 Purchases 121 ,000 Cost of goods manufactured 287,000 Merchandise inventory, April 30 38,000 Finished goods, April 30 67,000 Required:

1.Compute the cost of goods sold for Copperfield Merchandising Co., selecting the appropriate items from the previous list.

2. Compute the cost of goods sold for Merlon Manufacturing Inc., selecting the appropriate items from the previous list.