Sheffield Corp. reported cost of goods sold as follows. 2017 2016 Beginning inventory $27,780 $21,990 Cost of goods purchased 173,620 174,000 Cost of goods available for sale 201,400 195,990 Less: Ending inventory 37,050 27,780 Cost of goods sold $164,350 $168,210 Sheffield Corp. made two errors: 1. 2. 2016 ending inventory was overstated by $2,130. 2017 ending inventory was understated by $5,210. The correct cost of goods sold 2016 2017 157010.00