This Question: 7 pts 24 of 26 (0 complete) Below are data for two companies. Click the icon to view the data.) Read the requirements Requirement 1. Define the three business types: service, merchandising, and manufacturing Business type - X Definition Data Table Service Merchandising Manufacturing Company A Company B $ 10,400 $ 15,400 Requirement 2. Based on the data given for the two companies, determine the business type of each one Company A is a company and Company B is a company Merchandise Inventory, beginning balance Finished Goods Inventory, beginning balance Merchandise Inventory, ending balance Finished Goods Inventory, ending balance Net Purchases 13,300 11.900 Requirement 3. Calculate the cost of goods sold for each company Begin by calculating the cost of goods sold for Company A. 153,500 Cost of Goods Manufactured 214,000 Company A Print Done Done Cost of Goods Sold Choose from any list or enter any number in the input fields and then continue to the next question. This Question: 7 pts 24 of 26 (0 complete) Below are data for two companies Click the icon to view the data.) Read the requirements Company A is a company and Company B is a company Requirement 3. Calculate the cost of goods sold for each company. Data Table -X Begin by calculating the cost of goods sold for Company A Company A Merchandise Inventory, beginning balance Finished Goods Inventory, beginning balance Merchandise Inventory, ending balance Finished Goods Inventory, ending balance Net Purchases Company A Company B $ 10,400 $ 15,400 13,300 11,900 153,500 Cost of Goods Sold Now calculate the cost of goods sold for Company B. Cost of Goods Manufactured 214,000 Company B Print Done Cost of Goods Sold Choose from any list or enter any number in the input fields and then continue to the next