P1-3 Cost of goods sold-merchandiser and manufacturer The following data were taken from the general ledgers and other sources of Clark Manufacturing Inc. and Samuel Merchandising Co. on September 30 of the current year: Merchandise inventory, September 1 $ 43,000 Finished goods, September 1..... 61,000 Purchases...... 111,000 Cost of goods manufactured.... 267,000 Merchandise inventory, September 30. 38,000 Finished goods, September 30..... 67,000 Required: 1. Compute the cost of goods sold for Samuel Merchandising Co., selecting the appropriate items from the previous list. 2. Compute the cost of goods sold for Clark Manufacturing Inc., selecting the appropriate items from the previous list