3 Cook rint rences Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods Music World Retail Merchandising Manufacturing Business Business 205 000 310 000 180 000 Cost of goods sold Wave Board Manufacturing 320 000 597 000 Required Prepare the cost of goods sold section of the income statement for each company 230 000 Complete this question by entering your answers in the tabs below Prepare the cost of goods sold section of the income statement for the Merchandising Business Cost of Goods Sold for the Year