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Exercise 6-10 Windsor'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 Windsor'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 31,500 191,500 223,000 36,500 $146.500 186,500 24,000 154,000 178,000 31,500 Windsor's made two errors: (1) 2018 ending inventory was overstated $3,250, and (2) 2019 ending inventory was understated $6,500 Compute the correct cost of goods sold for each year 2018 2019 Cost of goods sold
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