1 Shown here are annual financial data taken from two different companies. Wave-Board Manufacturing Ints $210,000 Music World Retail Beginning inventory Merchandise $175,000 Finished goods Cost of purchases 250,000 Cost of goods manufactured Ending inventory Merchandise 160,000 Finished goods 575,000 eBook 170,000 Print Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Manufacturing Business eferences Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Manufacturi WAVE-BOARD MFG. Cost of Goods Sold For The Year Cost of goods sold Finished goods inventory, beginning Add: Merchandise purchases Goods available for sale Less: Finished goods inventory, ending Cost of goods sold 0 0 MEUS Merch Business 1 of 1 : Next Prev C aw Shown here are annual financial data taken from two different companies. Wave-Board Manufacturing $210,000 Music World Retail Beginning inventory Merchandise $175,000 Finished goods Cost of purchases 250,000 Cost of goods manufactured Ending inventory Merchandise 160,000 Finished goods 575,000 170,000 Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchar Manufacturing Business. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Merchandising Busio MUSIC WORLD RETAIL Cost of Goods Sold For The Year 0 Cost of goods sold: Merchandise inventory, beginning Add: Merchandise purchases Goods available for sale Less: Merchandise inventory, ending Cost of goods sold $ 0 Merchuminen Mfg Business >