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Oriole's Hardware reported cost of goods sold as follows. Oriole's made two errors: (1) 2021...

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Oriole's Hardware reported cost of goods sold as follows. Oriole's made two errors: (1) 2021 ending inventory was overstated $5,000, and (2) 2022 ending inventory was understated $7,000. Compute the correct cost of goods sold for each year

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