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Merchandiser Manufacturer
Beginning Inventory Beginning Inventory

+ Purchases + Cost of goods Manufactured

= Goods Available for sale

= Goods Available for sale

- Ending Inventory - Ending Finished Inventory

= Cost of Goods Sold

= Cost of Goods Sold
 Materials Production Sales
Beginning Beginning Work Beginning
Materials in Process Finished Goods

+ Materials + Materials used

+ Cost of Goods

-
Purchased
+ Labor used Manufactured
Ending
Materials + Overhead used
= Goods Available
Materials
used
- Ending Work
in Process
-
for sale
Ending
Cost of Goods Finished Goods
Manufactured
= Cost of Goods
Sold