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Current Attempt in Progress Sheridan Hardware reported cost of goods sold as follows. They use the periodic inventory system. Sheridan made two errors: 1. 2024

image text in transcribed Current Attempt in Progress Sheridan Hardware reported cost of goods sold as follows. They use the periodic inventory system. Sheridan made two errors: 1. 2024 ending inventory was overstated by $2,170. 2. 2025 ending inventory was understated by $4,890. Compute the correct cost of goods sold for each year

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