Crane's Hardware reported cost of goods sold as follows. Crane's made two errors: (1) 2021 ending inventory was overstated $4,000, and (2) 2022 endi Compute the correct cost of goods sold for each year. Oriole Company sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of Current Attempt in Progress tools are as foltows. Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach Totalimentory value Early in 2022, Skysong Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2021 and 2022 are shown below. Determine the inventory turnover and days in inventory for 2021 and 2022. (Round answers to 1 decimal place, e.g. 12.5.) Crane's Hardware reported cost of goods sold as follows. Crane's made two errors: (1) 2021 ending inventory was overstated $4,000, and (2) 2022 endi Compute the correct cost of goods sold for each year. Oriole Company sells three different categories of tools (small, medium, and large). The cost and net realizable value of its inventory of Current Attempt in Progress tools are as foltows. Determine the value of the company's inventory under the lower-of-cost-or-net realizable value approach Totalimentory value Early in 2022, Skysong Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory amounts for 2021 and 2022 are shown below. Determine the inventory turnover and days in inventory for 2021 and 2022. (Round answers to 1 decimal place, e.g. 12.5.)