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( Oriole Company reported cost of goods sold as follows. CIaptar prk n 1 n 2 2017 n 3 2016 Beginning inventory n 4 $30,150

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( Oriole Company reported cost of goods sold as follows. CIaptar prk n 1 n 2 2017 n 3 2016 Beginning inventory n 4 $30,150 $20,730 n 5 Cost of goods purchased 174,240 150,450 n 6 Cost of goods available for sale 204,390 171,180 on 7 on 8 Less: Ending inventory 35,230 30,150 Cost of goods sold $169,160 $141,030 core esults by Study Oriole Company made two errors: 1. 2016 ending inventory was overstated by $2,140. 2. 2017 ending inventory was understated by $5,430. Compute the correct cost of goods sold for each year. 2016 2017 The correct cost of g0ods sold

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