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CALCULATOR Exercise 6-11 Hamid's Hardware reported cost of goods sold as follows. 2014 2015 Beginning inventory $ 24,050 $ 34,720 Cost of goods purchased 154,200

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CALCULATOR Exercise 6-11 Hamid's Hardware reported cost of goods sold as follows. 2014 2015 Beginning inventory $ 24,050 $ 34,720 Cost of goods purchased 154,200 197,790 Cost of goods available for sale 178,250 232,510 Ending inventory 34,720 38,740 Cost of goods sold $143,530 $193,770 Hamid's made two errors: (1) 2014 ending inventory was overstated $3,310, and (2) 2015 ending inventory was understated $6,480. Compute the correct cost of goods sold for each year. 2014 2015 The correct cost of goods sold LINK TO TEXT

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