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Unimart Precision Manufacturing Beginning inventory Merchandise $ 318,000 Finished goods $ 636,000 Cost of purchases 500,000 Cost of goods manufactured 760,000 Ending inventory Merchandise 218,000
Unimart | Precision Manufacturing | ||||||||
Beginning inventory | |||||||||
Merchandise | $ | 318,000 | |||||||
Finished goods | $ | 636,000 | |||||||
Cost of purchases | 500,000 | ||||||||
Cost of goods manufactured | 760,000 | ||||||||
Ending inventory | |||||||||
Merchandise | 218,000 | ||||||||
Finished goods | 212,000 | ||||||||
Compute cost of goods sold for each of these two companies for the year.
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