ework Saved Problem 1-5A Inventory computation and reporting LO C4, P1 Shown here are annual financial data at December 31, 2017, taken from two different companies. Music World Wave-Board Retail Manufacturing Beginning inventory Merchandise $200,000 Finished goods $500,000 Cost of purchases 300,000 Cost of goods manufactured 875,000 Ending inventory Merchandise 175,000 Finished goods 225,000 Required: 1. Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Busine and 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 at December 31, 2017, for company in Merchandising Business MUSIC WORLD RETAIL Partial Income Statement Nort HUMEWUIR 1 SdV . and 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 at December 31, 2017, for company in Merchandis Business. MUSIC WORLD RETAIL Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold: Goods available for sale Cost of goods sold Morch Business Mfg Business > education.com/ext/map/index.html?_con con&external_browser.O&launchUrl=https%253A%252F%252Fims.mheducation.com - Saved mework and 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 at December 31, 2017, for company in Manufacturing Business. WAVE-BOARD MFG. Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold Merch Business Mig Business