Exercise 14-11 Cost of goods sold computation P1 Compute cost of goods sold for each of these two companies for the year. Check Unimart COGS, $660,000 Unimart Precision Manufacturing $275,000 OWN $450,000 500,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 900,000 115.000 375,000