Shown here are annual financial data for a merchandising company and a manufacturing company.

$\backslash$table$[[,\backslash$table$[[$Music$],[$World$],[$Retail$]],\backslash$table$[[$Wave$-$Board$],[$Manufacturing$]]],[$Beginning inventory,$$,],[$Merchandise$,155,000,],[\backslash$table$[[$Finished goods$],[$Cost of merchandise$],[$purchased$]],250,000,],[$Cost of goods,,$],[$manufactured$,,582,000],[$Ending inventory,,$],[$Merchandise$,160,000,],[$Finished goods,,$260,000],[$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 Business

Manufacturing Business