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please i want the answer with steps Nash Hardware reported cost of goods sold as follows, 2019 2020 Beginning inventory 24.700 33,600 Cost of goods
please i want the answer with steps
Nash Hardware reported cost of goods sold as follows, 2019 2020 Beginning inventory 24.700 33,600 Cost of goods purchased 151,600 198,000 Cost of goods available for sale 176,300 231,600 Ending inventory 33,600 35,300 Cost of goods sold 142.700 196,300 Nash made two errors: (1) 2019 ending inventory was overstated 2.400, and (2) 2020 ending inventory was understated 6,100. Compute the correct cost of goods sold for each year. 2019 2020 111500 167,100 The correct cost of goods sold Step by Step Solution
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