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2017 2016 Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 28,530$18,030 167,220 185,250 28,530

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2017 2016 Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 28,530$18,030 167,220 185,250 28,530 $153,170 $156,720 160,110 188,640 35,470 Nash's Trading Post, LLC made two errors: 1. 2016 ending inventory was overstated by $1,800. 2. 2017 ending inventory was understated by $5,430. Compute the correct cost of goods sold for each year. 2016 2017 The correct cost of goods sold s

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