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cheyennes Hardware uses the periodic inventory system and reported cost of goods sold as follows. 2018 2019 Beginning inventory $ 22,500 $ 32,500 Cost of

cheyennes Hardware uses the periodic inventory system and reported cost of goods sold as follows.

2018

2019

Beginning inventory

$ 22,500

$ 32,500

Cost of goods purchased

152,000

196,500

Cost of goods available for sale

174,500

229,000

Ending inventory

32,500

38,500

Cost of goods sold

$142,000

$190,500

cheyennes made two errors: (1) 2018 ending inventory was overstated $3,600, and (2) 2019 ending inventory was understated $6,150. Compute the correct cost of goods sold for each year.

2018

2019

Cost of goods sold

$.

$

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