Precision Manufacturing Unimart $ 294,000 $588,000 540,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 890,000 194,000 188,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Merchandising Business. UNIMART Computation of Cost of Goods Sold Cost of goods sold: Merchandise inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold $ 0 Precision Manufacturing Unimart $294,000 $588,000 540,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 890,000 194,000 188,000 Compute cost of goods sold for each of these two companies for the year. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year in Manufacturing Business. PRECISION MANUFACTURING Computation of Cost of Goods Sold Cost of goods sold Merchandise inventory, beginning Add: Merchandise purchases Goods available for sale Less: Merchandise inventory, ending Cost of goods sold $