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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: ending inventory for was overstated by $ and ending inventory for was understated by $ 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:
tableCost of goods sold,$$
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