Exercise 01-11 Cost of goods sold computation LO P1 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Precision Unimart Manufacturing $194,000 $388,000 420,000 750,000 94,000 88,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost of Goods Sold Cost of goods sold Goods available for sale Cost of goods sold