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ECD Chapter #6 Homework 3 61F Cloudy NW Comment mont-player/dechtalundidad Question 8 of 10 < > View Policies Current Attempt in Progress Blue Spruce

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ECD Chapter #6 Homework 3 61F Cloudy NW Comment mont-player/dechtalundidad Question 8 of 10 < > View Policies Current Attempt in Progress Blue Spruce Corp, reported these income statement data for a 2-year period 2021 2022 Sales revenue $211.500 $256,500 Beginning inventory 34.000 44.500 Cost of goods purchased 173500 206,000 Cost of goods available for sale 207.500 250,500 Less: Ending inventory 44500 55.000 Cost of goods sold 163.000 195.500 Gross pront $48,500 561,000 Blue Spruce Corp uses a periodic inventory system. The inventories at January 3, 2021, and December 31,2022 are correct However, the ending inventory at December 31, 2021 is overstated by $6,000 Prepare correct income statement data for the years 2021 2022

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