Unimart Precision Manufacturing Beginning inventory ...
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Accounting
| 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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