Novak 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 Novak Corp. made two errors: 1. 2. $30,970 The correct cost of goods sold 2022 174,250 +A 205,220 $169,980 $ 35,240 2021 $20,420 156,320 176,740 2021 ending inventory was overstated by $2,110. 2022 ending inventory was understated by $5,500. Compute the correct cost of goods sold for each year. $145,770 30,970 2021 2022

Novak Corp. reported cost of roods sold as follows. Novak Corp made two errors: 1. 2021 ending imventory was overstated by $2,110. 2. 2022 ending imentory was understated by $5,500. Compute the correct cost of goods sold for exch year