Question: Additional information provided. Please answer in format shown. Homework: Chapter 6 Homework Score: 0 of 2 pts S6-9 (similar to) 5 of 13 (11 complete
Homework: Chapter 6 Homework Score: 0 of 2 pts S6-9 (similar to) 5 of 13 (11 complete HW Score: shington Pool Supplies's merchandise inventory data for the year ended December 31, 2017, follow (Click the icon to view the inventory data) Requirements 1. Assurme that the ending merchandise inventory was accidentally overstated by $2,500 What are the correct amounts for cost of goods sold and gross proft? 2. How would the inventory error affect Washington Pool Supplies's cost of goods sold and gross profit for the year ended December 31, 2018, if the error is not correctod in 2017? Cost of goods sold in 201 7 would be Enter your answer in the answer box and then click Check
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