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8. The Sally's Gourmet Foods' merchandise inventory data for the year ended December 31, 2018, follow EEB (Click the icon to view the data.) Assume

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8. The Sally's Gourmet Foods' merchandise inventory data for the year ended December 31, 2018, follow EEB (Click the icon to view the data.) Assume that the ending merchandise inventory was accidentally overstated by $1,950. What are the correct amounts for cost of goods sold and gross profit? Assuming that the ending merchandise inventory was accidentally overstated by $1,950, the correct amount for cost of goods sold is $ Data Table $ 95,000 Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory 2,730 Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory00 Cost of Goods Sold 26,500 29,230 5,600 23,630 $ 71,370 Gross Profit Enter any number in the edit fields and then click Check

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