E 3. Indicate whether each of these equations applies to a service organization (SER), a retail organization
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E 3. 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 Sales Net Cost of Services Sold 3. Cost of Goods Sold Beginning Finished Goods Inventory Cost of Goods Manufactured Ending Finished Goods Inventory Statement of Cost of Goods Manufactured
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