Novak Hardware 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 Cost of goods sold $ tA 2022 $ 34,500 177,000 211,500 36,000 $175,500 2021 2022 $ 21,000 Novak made two errors: 1.2021 ending inventory was overstated by $3,450. 2.2022 ending inventory was understated by $6,350. Compute the correct cost of goods sold for each year. 155,000 176,000 34,500 $141,500 tA 2021 144950

Novak Hardware reported cost of goods sold as follows. Novak made two errors: 1. 2021 ending inventory was overstated by $3,450. 2. 2022 ending inventory was understated by $6,350. Compute the correct cost of goods sold for each year