Delhi Hardware reported cost of goods sold as follows. Delhi made two errors: (1) 2013 ending inventory

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Delhi Hardware reported cost of goods sold as follows.

Delhi Hardware reported cost of goods sold as follows.

Delhi made two errors: (1) 2013 ending inventory was overstated $2,000, and (2) 2014 ending inventory was understated $6,000.

Instructions
Compute the correct cost of goods sold for eachyear.

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Related Book For  answer-question

Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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