Question 9 Vaughn Hardware reported cost of goods sold as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 2016 23,860 153,100 176,960 31,660 145,300 2017 31,660 179,970 211,630 39,150 172,480 Vaughn made two errors: (1) 2016 ending inventory was overstated 2,200, and (2) 2017 ending inventory was understated 6,190. Compute the correct cost of goods sold for each year. 2016 2017 The correct cost of goods sold