Unimart					Precision Manufacturing
Beginning inventory
Merchandise		$	304,000
Finished goods						$	608,000
Cost of purchases			450,000
Cost of goods manufactured							830,000
Ending inventory
Merchandise			204,000
Finished goods							198,000

Compute cost of goods sold for each of these two companies for the year ended December 31, 2015.

Merchandising Business:

UNIMART
Partial Income Statement
For Year Ended December 31, 2015
Cost of goods sold:
Goods available for sale
Cost of goods sold

Manufacturing Business

PRECISION MANUFACTURING
Partial Income Statement
For Year Ended December 31, 2015
Cost of goods sold:
Goods available for sale
Cost of goods sold