Homework: Chapter 6 Homework Score: 0 of 4 pts 1 of 5 (0 complete) S6-9 (similar to) Riderco Pool Supplies's merchandise inventory data for the year ended December 31, 2019, follow Click the icon to view the inventory data) Read the reguirements Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $2,600. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold in 2019 would be Data Table was accid rofit? $ 64,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory 3,900 Net Cost of Purchases 45,200 Cost of Goods Available for Sale 49,100 4,400 Less: Ending Merchandise Inventory Cost of Goods Sold 44,700 Gross Profit $ 19,300 Print Done Answer. Clear All Requirements 1. Assume that the ending merchandise inventory was accidentally overstated by $2,500. What are the correct amounts for cost of goods sold and gross profit? 2. How would the inventory error affect Riderco Pool Supplies's cost of goods sold and gross profit for the year ended December 31, 2020, if the error is not corrected in 2019? Print Done Enter any number in the edit fields and then click 3 parts remaining