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  3. 8. the shirley's gourmet foods' merchandise invent

8. The Shirley's Gourmet Foods' merchandise inventory data for the year ended December 31,2018, follow:LOADING...(Click...

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Accounting

8. The Shirley's Gourmet Foods' merchandise inventory data for the year ended December 31,2018, follow:LOADING...(Click the icon to view the data.)Assume that the ending merchandise inventory was accidentally overstated by $ 1 comma 920. What are the correct amounts for cost of goods sold and gross profit? Question content area bottomPart 1Assuming ending merchandise inventory was overstated by $1,920, the correct amount for cost of goods sold is Part 2 Assuming ending merchandise inventory was overstated by $1,920, the correct amount for gross profit is

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