Answer the following

{PM Introduction Let us review the types of business according to activities and differentiate the following. Review 1. Service business 2. Merchandising business 3. Manufacturing business Enrique lobel Foundation | Senior High School 2 *3?! Movah'on What are the possible activities or transactions in a merchandising business setup? Activity Direction: Complete (fill-out) the missing item in the formula/s below: 1. Beginning Inventory (BI) +Cost of Goods Purchased (COGP) = 2. Cost of goods available for sale (CGAS) - Ending Inventory (EI) = 3. Sales - Cost of Goods Sold (COGS) = 4. Gross Profit - Operating Expenses = Enrique Zobel Foundation | Senior High School 7 5. Cost of Goods Available for Sale (CGAS) - Cost of Goods Purchased (COGP)=