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Sunland Company reported the come Statementuata Sales revenue 2024 2025 $193,780 $273,800 Beginning inventory 30,160 41,580 Cost of goods purchased 182,460 189,790 Cost of goods

image text in transcribedimage text in transcribed Sunland Company reported the come Statementuata Sales revenue 2024 2025 $193,780 $273,800 Beginning inventory 30,160 41,580 Cost of goods purchased 182,460 189,790 Cost of goods available for sale 212,620 231,370 Less: Ending inventory 41,580 58,790 Cost of goods sold 171,040 172,580 Gross profit $22,740 $101.220 Sunland Company uses a periodic inventory system. The inventories at January 1, 2024, and December 31, 2025, are correct However, the ending inventory at December 31, 2024, is overstated by $7,300. Prepare corret Sales revenue Cost of goods sold 2024 193780 $ Beginning inventory 30160 i Cost of goods purchased 182460 Cost of goods available for sale 212620 Less: Ending inventory Cost of goods sold Gross profit $ 2025 273800 189790 58790

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