1 2 3 4 5 Finish attempt... Question 4 Partially correct Mark 1.00 out of 2.00 P Flag question Errors in Inventory Counts The following information was taken from the records of Spencer Enterprises: 2013 2012 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory $63,000 $83,000 548.000 508.000 611,000 591,000 93.000 63,000 $518,000 $528,000 Cost of goods sold The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013 ending inventory was understated by $28,000. Compute the correct cost of goods sold for both 2012 and 2013. 2013 2012 Cost of goods sold 49.500 x S 457,000 Check You have correctly selected 1 Partially correct Marks for this submission: 1,00/2.00. O Previous Save Answers Copyrignt 2019 CambriE utiness Publigcea Terms of Befucn Paley Resep