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QUESTION 6 10 points Thelma Company reported cost of goods sold for Year 1 and Year 2 as follows: Beginning inventory Cost of goods purchased

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QUESTION 6 10 points Thelma Company reported cost of goods sold for Year 1 and Year 2 as follows: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Year 1 $ 120,000 250.000 370,000 130.000 $ 240.000 Year 2 $ 130,000 275.000 405,000 135.000 $ 270.000 Thelma Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be For the toolbar.press ALT+F10 (PC) or ALT+FN F10 (Mac). BIParagraph Arial 10pt v !!! sck Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Sub

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