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Marigold Corp. reported cost of goods sold as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost
Marigold Corp. reported cost of goods sold as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold Marigold Corp. made two errors: 1. 2. 2022 $29,180 190,730 219,910 37,500 $182,410 2021 $ 21,350 Compute the correct cost of goods sold for each year. 176,290 197,640 29,180 $168,460 2021 ending inventory was overstated by $1,890. 2022 ending inventory was understated by $5,160.
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