Business, 02.03.2020 17:56 mackdoolittle1

Shown here are annual financial data at December 31, 2017, taken from two different companies. Music World Retail Wave-Board Manufacturing Beginning inventory Merchandise $ 145,000 Finished goods $ 350,000 Cost of purchases 340,000 Cost of goods manufactured 590,000 Ending inventory Merchandise 120,000 Finished goods 170,000 Required: 1. Prepare the cost of goods sold section of the income statement at December 31, 2017, for each company in Merchandising Business and Manufacturing Business.

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Shown here are annual financial data at December 31, 2017, taken from two different companies. Music...

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