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The following information was taken from the records of Taylor Enterprises: The following two errors were made in the physical inventory counts: 2012 ending inventory

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The following information was taken from the records of Taylor Enterprises: The following two errors were made in the physical inventory counts: 2012 ending inventory was understated by $10,000. 2013 ending inventory was overstated, by $5,000. Compute the correct cost of goods sold for both 2012 and 2013

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