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2024 2023 Cost of goods sold $217,600 $222,600 Ending inventory 30,000 30,000 Cullumber made two errors: (1) 2023 ending inventory was overstated by $7,040,

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2024 2023 Cost of goods sold $217,600 $222,600 Ending inventory 30,000 30,000 Cullumber made two errors: (1) 2023 ending inventory was overstated by $7,040, and (2) 2024 ending inventory was understated by $5,540. (a) Calculate the correct cost of goods sold and ending inventory for each year. 2024 Correct ending inventory $ Correct cost of goods sold tA $ $ $ 2023 SUPPORT

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