The following data were taken from the general ledgers and The following data were taken from the…

 
   

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The following data were taken from the general ledgers and
The following data were taken from the general ledgers and other sources of Clark Manufacturing Inc. and Samuel Merchandising Co. on September 30 of the current year:

Merchandise inventory, September 1………………………….. $ 43,000

Finished goods, September 1……………………………………… 61,000

Purchases…………………………………………………………………. 111,000

Cost of goods manufactured………………………………………. 267,000

Merchandise inventory, September 30…………………………. 38,000

Finished goods, September 30…………………………………….. 67,000

Required:

1. Compute the cost of goods sold for Samuel Merchandising Co., selecting the appropriate items from the previous list.

2. Compute the cost of goods sold for Clark Manufacturing Inc., selecting the appropriate items from the previous list.

The following data were taken from the general ledgers and