QUESTION: Compute the correct cost of goods sold for 2022 and 2021

Blossommade two errors:

1. 2021 ending inventory was overstated by $3,300.

2. 2022 ending inventory was understated by $6,150.

Blossom Hardware reported cost of goods sold as follows. 2022 Beginning inventory $ 30,000 Cost of goods purchased 203,500 Cost of goods available for sale 233,500 Less: Ending inventory 40,000 Cost of goods sold $193,500 2021 $ 24,500 153,000 177,500 30,000 $ 147,500