Exercise 18-9 Cost of goods sold computation LO P1

	Viking Retail					Log Homes Manufacturing
Beginning inventory
Merchandise		$	185,000
Finished goods						$	370,000
Cost of purchases			520,000
Cost of goods manufactured							760,000
Ending inventory
Merchandise			85,000
Finished goods							79,000

Complete the below table to calculate the cost of goods sold for each of these two companies for the year ended December 31, 2013.

Viking Retail

Partial income statement

For Year Ended December 31,2013

Cost of goods sold :

_______________:

_______________:

Goods available for sale :

______________:

Cost of goods sold : $

Logs homes manufacturing

partial income statement

for year December 31,2013

Cost of goods sold :

_______________:

_______________:

Goods available for sale :

______________:

Cost of goods sold : $