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Current Attempt in Progress Blossom Company reported cost of goods sold as follows. 2017 2016 $32,380 $ 18,370 184,210 172,410 Beginning inventory Cost of goods
Current Attempt in Progress Blossom Company reported cost of goods sold as follows. 2017 2016 $32,380 $ 18,370 184,210 172,410 Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 216,590 190.780 39,050 32,380 $177,540 $158,400 Blossom Company made two errors: 1. 2016 ending inventory was overstated by $2,050. 2. 2017 ending inventory was understated by $5,300. Compute the correct cost of goods sold for each year. 2016 2017 The correct cost of goods sold
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