Current Attempt in Progress Goddard Pty Ltd reported the following statement of profit or loss data for a 2-year period. 2015 $ 2016 $ Sales 415,300 547,500 Beginning inventory 65,800 86,000 Cost of goods purchased 342,900 437,100 Cost of goods available for sale 408,700 523,100 Ending inventory 86,000 96,000 Cost of sales 322,700 427,100 Gross profit 92,600 120,400 Goddard Pty Ltd uses a periodic inventory system. The inventories at 1 July 2014 and 30 June 2016 are correct. However, the ending inventory at 30 June 2015 is overstated by $11,900. 2015 $ 2016 $ > v ( >