Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchandising Business and Manufacturing Business.

Beck Manufacturing reports the following information in T-account form for 2019. Begin. Inv. Purchases Avail. for use 48,000 End. Inv. Begin. Inv. DM used Direct labor Overhead Manuf. costs Raw Materials Inventory 12,700 59,000 71,700 DM used 23,700 Work in Process Inventory 14,680 48,000 27,500 64,000 154,100 Cost of goods manuf. 12,600 Finished Goods Inventory 16,000 141,500 157,500 Cost of Goods Sold 19,900 141,500 End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale 137,600 End. Inv. Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured S 0 Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale 0 Cost of goods sold $ $ 0 Shown here are annual financial data taken from two different companies. Music World Retail $175,000 Wave-Board Manufacturing $360,000 260,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 578,000 110,000 170,000 Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchandising Manufacturing Business. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Merchandising Business. MUSIC WORLD RETAIL Cost of Goods Sold For The Year Cost of goods sold Goods available for sale Cost of goods sold $ 0 Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for co WAVE-BOARD MFG. Cost of Goods Sold For The Year Cost of goods sold Goods available for sale 0 Cost of goods sold $ 0