tor 8. The Samara's Gourmet Foods merchandise ventory do for the year ended December 31, 2024, follow (Click the icon to view the data)) Assume that the ending merchandise inventory was accidentally overstated by $1,600. What are the comed amounts or cost of goods sold and gross profit? CELED Data table Assuming ending merchandise inventory was overstated by $1,600, the correct amount for cost of goods soide Net Sales Revenue S 50.000 Assuming ending merchandise inventory was overstated by $1,000, the correct amount for gross proft is Cost of Goods Sod Beginning Merchandise Inventory 2,090 21.700 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 24,500 5400 Less: Ending Merchandise Inventory Cost of Goods Sold 10 190 20.410 Gross Prof Print Done