Culver Hardware Limited reported the following amounts for its cost of goods sold and inventory: 2024 2023 Cost of goods sold $167,000 $155,400 Ending inventory 37,600 30,000 Culver made two errors in 2023. It recorded a $4,400 inventory purchase in transit at the end of 2023 that was shipped FOB destination and included this amount in ending inventory. Also during the year-end inventory count, staff forgot to count $5,000 of ending inventory that was on hand. No one discovered these errors in 2023. (a) Calculate the correct ending inventory and cost of goods sold amounts for each year. Ending inventory $ Cost of goods sold $ 2024 2023 $ $