Knowledge Check 01 The sales revenue and correct Inventory Information for Talisman Corporation is provided below. Sales revenue Beginning inventory Purchases Ending inventory Year 1 $75,000 10,000 50,000 12,000 Year 2 $80,000 12,000 60,000 9,000 By mistake, the accountant at Talisman recorded $15,000 as ending Inventory for Year 1. Which of the following is true of the total amount reported for cost of goods sold over the two-year period from Year 1 to Year 2 because of the error