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ch6q7 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

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ch6q7

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 Net Sales Revenue $48,000 Cost of Goods Sold

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