Exercise 6-10

Splish Brotherss Hardware reported cost of goods sold as follows.

		2019		2020
Beginning inventory		$ 23,500		$ 34,500
Cost of goods purchased		154,500		175,000
Cost of goods available for sale		178,000		209,500
Ending inventory		34,500		36,000
Cost of goods sold		$143,500		$173,500

Splish Brotherss made two errors: (1) 2019 ending inventory was overstated $3,300, and (2) 2020 ending inventory was understated $6,450. Compute the correct cost of goods sold for each year.

		2019		2020
Cost of goods sold		$		$