Question 12 of 13 Pharoah 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 2021 $ 20,000 152,000 172.000 30,500 $141,500 2022 $30,500 200,000 230,500 38,000 $192,500 Pharoah made two errors: (1) 2021 ending inventory was overstated by $3,100, and (2) 2022 ending inventory $6,400. Compute the correct cost of goods sold for each year. 2021 2022 Cost of goods sold $ 144,600 $ 210.900 Type here to search RI 07 a