CA Exercise 6-10 Oriole's Hardware reported cost of goods sold as follows. 2019 2020 Beginning...
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CA Exercise 6-10 Oriole's Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory Cost of goods purchased Cost of goods available far sale Ending inventory Cost of goods sold 24,000 135,000 159,000 34,000 $125,000 34,000 164,000 198,000 39,000 $159,000 Oriole's made two errors: (1) 2019 ending inventory was overstated $5,000, and (2) 2020 ending inventory was understated $7,000. Compute the correct cost of goods sold for each year 2019 2020 Cost of goods sold
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