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Tamarisk Hardware reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 34,000 $ 23,000 o Cost of goods purchased 182,500 150,000 Cost

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Tamarisk Hardware reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 34,000 $ 23,000 o Cost of goods purchased 182,500 150,000 Cost of goods available for sale 216,500 173,000 Less: Ending inventory 37,500 34,000 Cost of goods sold $179,000 $139,000 Tamarisk made two errors: 1.2021 ending inventory was overstated by $3,550. 2. 2022 ending inventory was understated by $6,600. Compute the correct cost of goods sold for each year. 2022 2021 Cost of goods sold $ $

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