Unimart				Precision Manufacturing
Beginning inventory
Merchandise		$	304,000
Finished goods						$	608,000
Cost of purchases			490,000
Cost of goods manufactured							780,000
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, 2017.

Complete this question by entering your answers in the tabs below.

Merch Business

Mfg Business

Compute cost of goods sold for the company year ended December 31, 2017 in Merchandising Business.

UNIMART
Partial Income Statement
For Year Ended December 31, 2017
Cost of goods sold:
Goods available for sale
Cost of goods sold	$0

Compute cost of goods sold for the company year ended December 31, 2017 in Manufacturing Business.

PRECISION MANUFACTURING
Partial Income Statement
For Year Ended December 31, 2017
Cost of goods sold:
Goods available for sale
Cost of goods sold	$0