|
|
Unimart
|
Precision
Manufacturing |
||||||
|
Beginning inventory
|
|
|
|
|
|
|
|
|
|
Merchandise
|
|
$
|
275,000
|
|
|
|
|
|
|
Finished
goods
|
|
|
|
|
|
$
|
450,000
|
|
|
Cost of purchases
|
|
|
500,000
|
|
|
|
|
|
|
Cost of goods
manufactured
|
|
|
|
|
|
|
900,000
|
|
|
Ending inventory
|
|
|
|
|
|
|
|
|
|
Merchandise
|
|
|
115,000
|
|
|
|
|
|
|
Finished
goods
|
|
|
|
|
|
|
375,000
|
|
|
|
||||||||
|
Compute cost of goods sold for
each of these two companies for the year ended December 31, 2015.
|
|
Merchandising Business:
 |
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