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Novak Hardware Limited reported the following amounts for its cost of goods sold and Inventory: Novak made two errors: ( 1 ) ending inventory for

Novak Hardware Limited reported the following amounts for its cost of goods sold and Inventory: Novak made two errors: (1) ending inventory for 2018 was overstated by \(\$ 2,000\) and \((2)\) ending inventory for 2017 was understated by \(\$ 4,300\). Assume that neither error has been found or corrected. (a) Calculate the correct ending inventory and cost of goods sold amounts for each year.Sheffield Hardware Limited reported the following amounts for its cost of goods sold and inventory:
\table[[,2024,2023],[Cost of goods sold,$169,500,$155,100
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