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Exercise 6-9 Elliott's Hardware reported cost of goods sold as follows. 2016 2017 Beginning inventory Cost of goods purchased Cost of goods available for sale

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Exercise 6-9 Elliott's Hardware reported cost of goods sold as follows. 2016 2017 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $22,000 33,000 154,000 176,000 33,00036,00 205,000 238,000 $143,000 $200,000 Elliott's made two errors: (1) 2016 ending inventory was overstated $3,200, and (2) 2017 ending inventory was understated $6,400. Compute the correct cost of goods sold for each year. 2016 2017 Cost of goods sold s LINK TO TEXT

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