Inventory Errors

Haywood Inc. reported the following information for 2018:

Beginning inventory	$25,000
Ending inventory	63,040
Sales revenue	1,000,000
Cost of goods sold	620,000

A physical count of inventory at the end of the year showed that ending inventory was actually $65,000.

Required:

1. What is the correct cost of goods sold and gross profit for 2018?

Cost of goods sold	$ ?
Gross profit	$ ?