Cullumber Hardware reported cost of goods sold as follows. Cullumber made two errors: 1. 2021 ending inventory was overstated by $3,100. 2. 2022 ending inventory was understated by $6,100. Compute the correct cost of goods sold for each year. Marigold Corp. Inc. had a beginning inventory of 95 units of Product RST at a cost of $6 per unit. During the year, purchases were: Marigold Corp. uses a periodic inventory system. Sales totaled 1,485 units. (b2) Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5.125.) The inventory of Splish Brothers Inc. was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $52,500, Sales Returns and Allowances $1,400, Purchases $34,500, Freight-In $1,400, and Purchase Returns and Allowances $1,600. Determine the merchandise lost by fire, assuming: (a) A beginning inventory of $20,000 and a gross profit rate of 45% on net sales. Estimated cost of merchandise lost Attempts: 1 of 3 used (b) A beginning inventory of $38,500 and a gross profit rate of 30% on net sales. Estimated cost of merchandise lost