The Finish Line Inc. reported the following items in its fiscal 2014 financial report (dollars in millions):

Assume that counting errors caused the ending inventory in 2013 to be understated by $50 and the ending inventory in 2014 to be overstated by $50.
a. Compute the impact of these errors on cost of goods sold for the year ended December 31, 2013, and on the inventory balance as of December 31, 2013.
b. Compute the impact of these errors on cost of goods sold for the year ended December 31, 2014, and on the inventory balance as of December 31, 2014.
c. What is the impact of these errors on cost of goods sold over the two-year period ended December 31, 2014?

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2014 2013 Sales $1,821 $1,670 Cost of goods sold: $ 304 $ 244 Beginning inventory Purchases 1,276 1,183 Goods available for sale $1,580 $1,427 Less: Ending inventory 343 304 Cost of goods sold 1,123 1,237 Gross profit $ 584 $ 547