Exercise 14-11 Cost of goods sold computation LO P1 Precision Unimart Manufacturing $275,000 $450,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 500,000 900,000 115,000 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Merch Mfg Business Business Compute cost of goods sold for the company year ended December 31, 2017 in Merchandising Business. UNIMART Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold: Goods available for sale Cost of goods sold $ 0 Merch Business Mfg Business > Exercise 14-11 Cost of goods sold computation LO P1 Precision Unimart Manufacturing Beginning inventory Merchandise $275,000 Finished goods $450,000 Cost of purchases 500,000 Cost of goods 900,000 manufactured Ending inventory Merchandise 115,000 Finished goods 375,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. MerchMfg Business Business Compute cost of goods sold for the company year ended December 31, 2017 in Manufacturing Business. PRECISION MANUFACTURING Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold: Goods available for sale Cost of goods sold