Delhi Hardware reported cost of goods sold as follows.

Delhi made two errors: (1) 2006 ending inventor) was overstated $2,000. and (2) 2007 ending inventory was understated $6,000.
Instructions Compute the eonect cost of goods sold for each year.

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2006 Beginning inventory $ 20.000 2007 $ 30.000 Cost of goods purchased 150,000 175.000 Cost of goods available for sale 170,000 205,000 Ending inventory 30.000 35.000 Cost of goods sold $140.000 $170,000