X Your answer is incorrect Metlock, Inc reported cost of goods sold as follows 2017 2016 Beginning inventory Cost of goods purchased Cost of goods available for sale Less Ending inventory Cost of goods sold $ 28,140 166,710 194,850 37,700 $157,150 s 21,680 172,570 194,250 28,140 $ 166,110 Metlock, Inc made two errors 1 2016 ending inventory was overstated by $2,190 2 2017 ending inventory was understated by $ 5,020 Compute the correct cost of goods sold for each year 2016 2017 The correct cost of goods sold 154,960 171,130

Question

X Your answer is incorrect Metlock, Inc  reported cost of goods sold as follows  2017 2016 Beginning inventory Cost of goods purchased Cost of goods available for sale Less  Ending inventory Cost of goods sold $ 28,140 166,710 194,850 37,700 $157,150 s 21,680 172,570 194,250 28,140 $ 166,110 Metlock, Inc  made two errors  1  2016 ending inventory was overstated by $2,190 2  2017 ending inventory was understated by $ 5,020  Compute the correct cost of goods sold for each year  2016 2017 The correct cost of goods sold 154,960 171,130

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X Your answer is incorrect Metlock, Inc. reported cost of goods sold as follows. 2017 2016 Beginning inventory Cost of goods purchased Cost of goods

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