8. The Sally's Gourmet Food merchandise inventory data for the year ended December 31, 2024, follow Click the icon to view the data) Assume that the ending merchandise inventory was accidentally overstated by $1,500. What are the correct amounts for cost of goods sold and gross pront? Assuming ending merchandise inventory was overstated by $1,500, the correct amount for cost of goods sold is Assuming ending merchandise inventory was overstated by $1,500, the correct amount for gross profit is ally ovl t? $1,500 Net Sales Revenue 50,000 Cost of Goods Sold: $1,500 Beginning Merchandise Inventory 2,890 30,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 32,890 4,900 Less: Ending Merchandise Inventory Cost of Goods Sold 27,990 $ 22,010 Gross Profit