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While performing a detailed review of its financial records, Doors Unlimited noted the following ending inventory errors 2020 Understated $52,000 2021 Overstated $14,000 2022 No

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While performing a detailed review of its financial records, Doors Unlimited noted the following ending inventory errors 2020 Understated $52,000 2021 Overstated $14,000 2022 No errors $ Ending inventory as reported Cost of goods sold as reported Profit as reported 2020 345,000 $ 1,300,000 340,000 2021 420,000 $ 1,750,000 516,000 2022 392,000 2,100,000 652,000 Required: Calculate the corrected ending inventory and cost of goods sold amounts for each year by completing the following schedule 2020 2021 2022 Corrected ending inventory Corrected cost of goods sold Corrected profit

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