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Exercise 6-10 Oriole's Hardware reported cost of goods sold as follows. 2019 2020 $ 24,000 34,000 Beginning inventory Cost of goods purchased Cost of goods
Exercise 6-10 Oriole's Hardware reported cost of goods sold as follows. 2019 2020 $ 24,000 34,000 Beginning inventory Cost of goods purchased Cost of goods avallable for sale Ending inventory Cost of goods sold Oriole's made two errors: (1) Compute the correct cost of goods sold for each year. 135,000 159,000 34,000 $125,000 164,000 198,000 39,000 $159,000 2019 ending inventory was overstated $5,000, and (2) 2020 ending 2019 2020 Cost of goods sold
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