Business, 12.07.2019 23:20 Mgarcia325
2018 2019 beginning inventory $ 21,000 $ 32,500 cost of goods purchased 151,500 187,500 cost of goods available for sale 172,500 220,000 ending inventory 32,500 35,500 cost of goods sold $140,000 $184,500 bramble’s made two errors: (1) 2018 ending inventory was overstated $3,150, and (2) 2019 ending inventory was understated $6,250. compute the correct cost of goods sold for each year.
Answers: 3
![\left[\begin{array}{ccc}-&2018&2019\\Beg.Inv&21,000&29,350\\Purchase&151,500&187,500\\Available&172,500&216,850\\End.Inv&32,500&35,500\\COGS&140,000&184,500\\Adj.End.Inv&-3,150&6,250\\Real COGS&143,150&178,250\\Real End-Inv&29,350&41,750\\\end{array}\right]](/tpl/images/0082/6592/0d77b.png)
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2018 2019 beginning inventory $ 21,000 $ 32,500 cost of goods purchased 151,500 187,500 cost of good...
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