Music World Retail Wave-Board Manufacturing $ 125,000 $ 200,000 210,000 Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods 595,000 180,000 200,000 Required: Prepare the cost of goods sold section of the income statement for each company. Complete this question by entering your answers in the tabs below. Merchandising Manufacturing Business Business Prepare the cost of goods sold section income statement Merchandising Cost of Goods Sold for the Year Cost of goods sold Goods available for sale 0 Cost of goods sold $ 0 Complete this question by entering your answers in the tabs below. Merchandising Manufacturing Business Business Prepare the cost of goods sold section of the income statement for the Manufacturing Business. Cost of Goods Sold for the Year Cost of goods sold Goods available for sale 0 Cost of goods sold $ 0