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Exercise 6-10 Crane's Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory Cost of goods purchased Cost of goods available for sale

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Exercise 6-10 Crane's Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $15,000 25,000 140,000 165,000 30,000 110,000 $135,000 120,000 135,000 25,000 Crane's made two errors: (1) 2019 ending inventory was overstated $3,000, and (2) 2020 ending inventory was understated $5,000 Compute the correct cost of goods sold for each year. 2019 2020 Cost of goods sold s Click if you would like to Show Work for this question: Qpen Show Work

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