The following information was taken from the records of Tinker Enterprises: Year 1 Year 2 $135,000 $162,000 1,080,000 1,134,000 1,215,000 1,296,000 162,000 148,500 $1,053,000 $1,147,500 Beginning Inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold The following two errors were made in the physical inventory counts: 1. Year 1 ending inventory was understated by $21,600 2. Year 2 ending invertory was overstated by $10,800 Compute the correct cost of goods sold for both years. Year 1 Year 2 Cost of goods sold $ 0 $ 0

The following information was taken from the records of Tinker Enterprises: The following two errors were made in the physical inventory counts: 1. Year 1 ending inventory was understated by $21,600 2. Year 2 ending invertory was overstated by $10,800 Compute the correct cost of goods sold for both years