t0:45:33 Galena Pharmacy reported cost of goods sold as follows 2019 2020 $ 64,000 Beginning inventory $ 54,000 Cost of goods purchased 847,000 Cost of goods available for sale 901,000 Ending inventory 64,000 Cost of goods sold $837.000 191.000 955,000 55.000 $900.000 Jim Holt, the bookkeeper, made two errors: (1) 2019 ending inventory was overstated by $7,000. (2) 2020 ending inventory was understated by $16,000 REQUIRED: Calculate the correct amount of cost of goods sold for 2019 and 2020 111 B IF i 1 (hip 12 Galena Pharmacy reported cost of goods sold as follows: 2020 $ 64,000 2019 Beginning inventory $ 54,000 Cost of goods purchased 847.000 Cost of goods available for sale 901,000 Ending inventory 64,000 Cost of goods sold $837,000 891,000 955,000 55,000 $900,000 Jim Holt, the bookkeeper, made two errors: (1) 2019 ending inventory was overstated by $7,000. (2) 2020 ending inventory was understated by $16,000. REQUIRED: Calculate the correct amount of cost of goods sold for 2019 and 2020, 7 i IF T