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Exercise 6-10 Whispering Winds's Hardware reported cost of goods sold as follows. 2019 2020 $ 23,000 $ 34,000 182,500 150,000 Beginning inventory Cost of goods
Exercise 6-10 Whispering Winds's Hardware reported cost of goods sold as follows. 2019 2020 $ 23,000 $ 34,000 182,500 150,000 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 173,000 34,000 216,500 37,500 $139,000 $179,000 Whispering Winds's made two errors: (1) 2019 ending inventory was overstated $3,550, and (2) 2020 ending inventory was understated $6,600. Compute the correct cost of goods sold for each year. 2019 2020 Cost of goods sold
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