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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
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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