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Exercise 6-10 Bramble's Hardware reported cost of goods sold as follows. 2018 2019 Beginning inventory Cost of goods purchased Cost of goods available for sale
Exercise 6-10 Bramble's Hardware reported cost of goods sold as follows. 2018 2019 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $21,000 151,500 172,500 32,500 $140,000 $32,500 187,500 220,000 35,500 $184,500 Bramble's made two errors: (1) 2018 ending inventory was overstated $3,150, and (2) 2019 ending inventory was understated $6,250 Compute the correct cost of goods sold for each year. 2018 2019 Cost of goods sold
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