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Finish attempt... Question 2 Not complete Marked out of 2.00 P Flag question Errors in Inventory Counts The following information was taken fro 2013 2012

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Finish attempt... Question 2 Not complete Marked out of 2.00 P Flag question Errors in Inventory Counts The following information was taken fro 2013 2012 Beginning inventory $75,000 $95,000 Cost of goods purchased 540,000 520,000 Cost of goods available for sale 615,000 615,000 Ending inventory 105,000 75,000 Cost of goods sold $510,000 $540,000 The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $25,000. 2. 2013 ending inventory was understated by $20,000. Compute the correct cost of goods sold for both 2012 and 2013. 2013 2012 Cost of goods sold 0 $ 0 Check evious Save Answers

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