8. The Shirley's Gourmet Foods' 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 $1,920. What are the correct amounts for cost of goods sold and gross profit? Assuming ending merchandise inventory was overstated by $1,920, the correct amount for cost of goods sold is Data Table 48,000 3,360 21.280 Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit 24,640 4,960 19,680 $ 28,320 Print Done