X Your answer is incorrect. Metlock, Inc. reported cost of goods sold as follows. 2022 $ 28,140 2021 $21,680 154,350 Beginning inventory 175,310 Cost of goods purchased Cost of goods available for sale 203,450 176,030 37,700 28,140 $165,750 $147,890 Less: Ending inventory Cost of goods sold Metlock, Inc. made two errors: 1. 2021 ending inventory was overstated by $2,190. 2. 2022 ending inventory was understated by $5,020. Compute the correct cost of goods sold for each year. 2022 2021 167940 152910 $ The correct cost of goods sold e Textbook and Media Sove for later A Tamarisk, Inc. is a retailer operating in Calgary, Alberta. Tamarisk uses the perpetual inventory method. Assume that there are no credit transactions all amounts are settled in cash. You are provided with the following information for Tamarisk for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 170 Jan.2 Purchase Jan. 6 Sale Jana Purchase Sale Jan 10 Jan. 23 Purchase Jan. 30 Sale DO Calculate average cost for each unit. Round answers to 3 decimal places. 5.125) 257000 2000 Jan. 1 5 Jan 25 05000 6100.00 Jan 105 Jan. 235 Jan 305 For each of the following cost flow assumptions, calculate il cost of goods sold. liiending inventory and gross profit. (Round answers to decimal places, s 125) (1) LIFO 12) FIFO 13) Moving average LIFO FSO Cost of goods sold Ending intory 5 5 Gross promet 257000 e Textbook and Media List of Accounts