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Bonita Industries reported cost of goods sold as follows. 2017 2016 Beginning inventory $30,230 $18,000 Cost of goods purchased $183,920 $163,730 Cost of goods available

Bonita Industries reported cost of goods sold as follows.

2017 2016

Beginning inventory $30,230 $18,000

Cost of goods purchased $183,920 $163,730

Cost of goods available for sale $214,150 $181730

Less: Ending inventory 35,380 30,230

Cost of goods sold$178,770 $151,500

Bonita Industries made two errors:

1.2016 ending inventory was overstated by $1,910.2.

2017 ending inventory was understated by $5,320.

Compute the correct cost of goods sold for each year.

Can someone help me with how to get the answer.

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