Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Administrative expenses Direct labor Manufacturing Overhead Purchases of raw materials Sales Selling expenses Required: 1. Prepare Cost of Goods sold for a manufacturing company. 2. Prepare Cost of Goods sold for a merchandising company. $ (000) 100 170 190 110 310 340 500 600 920 540 10,000 310