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Question 6 of 7 --/1 E View Policies Current Attempt in Progress Concord Corporation reported these income statement data for a 2-year period, Sales revenue
Question 6 of 7 --/1 E View Policies Current Attempt in Progress Concord Corporation reported these income statement data for a 2-year period, Sales revenue Beginning inventory Cost of goods purchased Cost of goods available for sale Less Ending inventory Cost of goods sold Gross profit 2021 $215,500 32.000 174.500 206 500 44500 162.000 $53,500 2022 5252,000 44,500 203.000 247.500 55.000 192,500 $59,500 Concord Corporation uses a periodic Inventory system. The inventories at January 1, 2021, and December 31, 2022, are correct However, the ending inventory at December 31, 2021. is overstated by $6,000. (a) Prepare correct income statement data for the 2 years 2021 2022 Sales $ Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold Gross profit Savotor Lator Attempts: 0 of 1 used Sube
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