Shown here are annual financial data for a merchandising company and a manufacturing company Music World Retail Wave-Board Manufacturing $ 215,000 $ 230,000 340,000 Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods 578,000 60,000 200,000 Required: Prepare the cost of goods sold section of the income statement for each company. Complete this question by entering your answers in the tabs below. Merchandising Manufacturing Business Business Prepare the cost of goods sold section of the income statement for the Merchandising Busine: Cost of Goods Sold for the Year Cost of goods sold Goods available for sale Cost of goods sold Merchandising Business Manufacturing Business > Shown here are annual financial data for a merchandising company and a manufacturing company Music World Retail Wave Board Manufacturing $ 215,000 $ 230,000 Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods 340,000 578,000 60,000 200,000 Required: Prepare the cost of goods sold section of the income statement for each company. Complete this question by entering your answers in the tabs below. Merchandising Manufacturing Business Business Prepare the cost of goods sold section of the income statement for the Manufacturing Busines Cost of Goods Sold for the Year Cost of goods sold Goods available for sale Cost of goods sold Merchandising Business Masturin