Question: Bramble Corp. reported these income statement data for a 2-year period. 2022 2021 Sales revenue $256,200 $223,560 Beginning inventory 39,930 33,610 Cost of goods

Bramble Corp. reported these income statement data for a 2-year period. 20222021 Sales revenue $256,200 $223,560 Beginning inventory 39,930 33,610 Cost of goods

Bramble Corp. reported these income statement data for a 2-year period. 2022 2021 Sales revenue $256,200 $223,560 Beginning inventory 39,930 33,610 Cost of goods purchased 212,930 173,260 Cost of goods available for sale 252,860 206,870 Less: Ending inventory 57,060 39.930 Cost of goods sold 195,800 166,940 Gross profit $60,400 $56,620 Bramble Corp. uses a periodic inventory system. The inventories at January 1, 2021, and December 31, 2022. are correct. Howew the ending inventory at December 31, 2021, is overstated by $7,670. Prepare correct income statement data for the 2 years. Sales Cost of goods sold Beginning inventory Cost of goods purchased 2021 2022 $

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