127,5000112,500140,500169,500148,500

Wk 2 - Apply: Connect Homework [due Day 7] Saved Help Sav 2 Hull Company reported the following income statement Information for the current year: Sales $411, 000 Cost of goods sold: 10 points Beginning inventory $133, 500 Cost of goods purchased 274, 000 Cost of goods available for sale 407,500 Ending inventory 145, 000 Book Cost of goods sold 262, 500 Gross profit $148, 500 Print The beginning inventory balance is correct. However, the ending Inventory figure was overstated by $21,000. Given this Information, the correct profit would be: Multiple Choice O $127,500. O $112.500. Mc Graw Hill