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Show Attempt History Current Attempt in Progress Metlock Jewelry reported the following income statement data for a 2-year period. 2019 2020 Sales revenue HK$2,170,000 HK$2,600,000

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Show Attempt History Current Attempt in Progress Metlock Jewelry reported the following income statement data for a 2-year period. 2019 2020 Sales revenue HK$2,170,000 HK$2,600,000 Cost of goods sold 328,000 444,500 1,830,000 2.133,000 2.158,000 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Gross profit 2,577,500 444,500 537,000 1,713,500 2,040,500 HK$456,500 HK$559,500 Metlock uses a periodic inventory system. The inventories at January 1, 2019, and December 31, 2020, are correct. However, the ending inventory at December 31, 2019. was understated HK$69.000. Your answer is partially correct. Prepare correct income statement data for the 2 years Prepare correct income statement data for the 2 years. 2019 2020 Sales HK$ 2170000 HK$ 2600000 Cost of goods sold Beginning inventory 328000 444500 Cost of goods purchased 1830000 2133000 Cost of goods available for sale 2158000 2577500 Ending inventory 444500 537000 Cost of goods sold 1713500 2040500 Gross proft HK$ 456500 HK$ 559500 e Textbook and Media

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