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* Your answer is incorrect. Swifty Corporation reported cost of goods sold as follows. 2022 2021 Beginning inventory Cost of goods purchased $30,010 169,530 199,540
* Your answer is incorrect. Swifty Corporation reported cost of goods sold as follows. 2022 2021 Beginning inventory Cost of goods purchased $30,010 169,530 199,540 35,290 $20,320 151,390 171,710 30,010 Cost of goods available for sale Less: Ending inventory Cost of goods sold $164,250 $141,700 Swifty Corporation made two errors: 1. 2021 ending inventory was overstated by $2,110. 2. 2022 ending inventory was understated by $4,540. Compute the correct cost of goods sold for each year. 2021 2022 The correct cost of goods sold $ 166360 $ 146240
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