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NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :) Problem 18-5A Inventory computation and reporting LO C4, P1 Shown here

NO EXPLANATION NEEDED, please, just solve everything, would be greatly appreciated (thumbs up)! :)

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Problem 18-5A Inventory computation and reporting LO C4, P1 Shown here are annual financial data taken from two different companies. Music World Wave-Board Manufacturing Retail $205,000 $270,000 290,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 583,000 80,000 170,000 Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchandising Business and Manufacturing Business. MUSIC WORLD RETAIL Cost of Goods Sold For The Year Cost of goods sold: Goods available for sale Cost of goods sold WAVE-BOARD MFG. Cost of Goods Sold For The Year Cost of goods sold Goods available for sale Cost of goods sold

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