Exercise 6-16 Sheffield Corp. reported cost of goods sold as follows. 2017 2016 Beginning inventory Cost of goods purchased Cost of goods avalilable for sale Less: Ending inventory Cost of goods sold 27,78021,990 173,620174,000 201,400 195,990 27,780 $164,350 168,210 37,050 Sheffield Corp, made two errors: 1. 2016 ending inventory was overstated by $2,130. 2. 2017 ending inventory was understated by $$,210. Compute the correct cost of goods sold for each year 2016 2017 The correct cost of goods sold