Points: 2011 Save Here is the engine of costs Tyranny 01 2002 Co the conto che cost of During the preparation of s 2002 financement Concert 2020 ning wory was under by 5375. We come to the 2000 and the cost of goods sold for any years ed und Make the correction to the 2020 nang inventory and all other tumbes the schedule of contot good for yours tected 2022 2021 2010 Beginning inventory Purchases Cost of goods available Ending inventory Cost of goods sold Help me solve this Etext pages Get more help Clear all Check ata table 2022 2021 2020 2019 Beginning inventory $ 650 $ 250 $ 500 $ 450 + 1,300 1,250 950 1,000 Purchases = Cost of goods available $ 1,950 $ 1,500 $ 1,450 $ 1,450 550 650 250 500 Ending inventory = Cost of goods sold $ 1.400 $ 850 $ 1,200 $ 950 Print Done Questions 1. What is the corrected cost of goods sold for 2020? 2. Did the understatement of ending inventory in 2020 cause the 2020 cost of goods sold to be overstated or understated? 3. What is the corrected cost of goods sold for 2021? 4. Did the understatement of ending inventory in 2020 cause the 2021 cost of goods sold to be overstated or understated? 5. Were any other years impacted by the 2020 $375 understatement of ending inventory? Why or why not? Print Done