Beginning inventory

Merchandise $ $306,000$

Finished goods $ $612,000$

Cost of merchandise purchased $530,000$

Cost of goods manufactured $930,000$

Ending inventory

Merchandise $206,000$

Finished goods $200,000$

Compute cost of goods sold for each of these two companies.Compute cost of goods sold for the company in Merchandising Business. Compute cost of goods sold for the company in Manufacturing Business.