Exercise 01-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $302,000 $604,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 420,000 840,000 202,000 196,000 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 Exercise 01-11 Cost of goods sold computation LO P1 Unimart Precision Manufacturing $302,000 $604,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 420,000 840,000 202,000 196,000 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 Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold Cost of goods sold Goods available for sale Cost of goods sold