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Wildhorse's Hardware reported cost of goods sold as follows. 2018 2019 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory
Wildhorse's Hardware reported cost of goods sold as follows. 2018 2019 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 21,000 33,000 180,000 213,000 39,000 139,500 $174,000 151,500 172,500 33,000 Wildhorse's made two errors: (1) 2018 ending inventory was overstated $3,300, and (2) 2019 ending inventory was understated $6,350 Compute the correct cost of goods sold for each year. 2018 2019 Cost of goods sold 348300 LINK TO TEXT VIDEO: APPLIED SKILLS
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