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...... Finished goods, September 1...... Purchases...... Cost of goods manufactured.. Merchandise inventory, September 30 ..... Finished goods, September 30.. Required: $43,000 61,000 111,000 267,000 38,000 67,000 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. 65-19