View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. Larkspur Hardware reported cost of goods sold as follows. 2021 Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold $ 22,500 151,500 174,000 30,500 2022 $ 30,500 194,000 224,500 36,500 $188,000 $143,500 Larkspur made two errors: (1) 2021 ending inventory was overstated by $3,400, and (2) 2022 ending inventory was understated by $6,250. Compute the correct cost of goods sold for each year. 2021 2022 Cost of goods sold $ 140100 $ 194250