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Nash's Trading Post, LLC reported cost of goods sold as follows. 2022 2021 Beginning inventory Cost of goods purchased $ 28,530 160,110 188,640 $ 18,030
Nash's Trading Post, LLC reported cost of goods sold as follows. 2022 2021 Beginning inventory Cost of goods purchased $ 28,530 160,110 188,640 $ 18,030 153,220 171,250 Cost of goods available for sale Less: Ending inventory 35,470 28,530 Cost of goods sold $153,170 $142,720 Nash's Trading Post, LLC made two errors: 1. 2021 ending inventory was overstated by $1,800. 2. 2022 ending inventory was understated by $5,430. Compute the correct cost of goods sold for each year. 2021 2022 The correct cost of goods sold $
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