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Question 6 of 9 < > Blossom Company reported the following amounts for its cost of goods sold and ending inventory: 2021 2020 Cost
Question 6 of 9 < > Blossom Company reported the following amounts for its cost of goods sold and ending inventory: 2021 2020 Cost of goods sold $170,000 $175,000 Ending inventory 30,000 30,000 -/13 E Blossom made two errors: (1) 2020 ending inventory was overstated by $5,500, and (2) 2021 ending inventory was understated by $4,000. Calculate the correct cost of goods sold and ending inventory for each year. 2021 Correct ending inventory 2020
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