The cost of goods calculations to answer the following problem:

The annual financial data at December 31, 2017, taken from two different companies are shown below (File attached):

Music World Wave-Board Retail Manufacturing Beginning inventory Merchandise .... $200,000 Finished goods. .... $500,000 Cost of purchases. . . .. 300,000 Cost of goods manufactured .. 875,000 Ending inventory Merchandise ..... 175,000 Finished goods. ..... 225,000