QUESTION #14 Manufacturing vs. Merchandising Companies Calculate cost of goods sold for each of these companies for the year ended December 31, 2030: The Ltd. Boston Manufacturing Beginning Inventory: Merchandise $300,000 $400,000 Finished Goods Cost of Purchases $500.000 Cost of Goods Manufactured $700.000 Ending Inventory: Merchandise $200,000 Finished Goods $300.000 ANSWER: The Ltd Cost of Goods Sold Section For the year ended December 31, 2030 Boston Manufacturing Cost of Goods Sold Section For the year ended December 31, 2030