Chapter 6 Exercises & Problems Navigation Finish attempt... Question 4 Not complete Marked 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 $63.000 583.000 Cost of goods purchased 548.000 500.000 Cost of goods available for sale 611,000 591,000 Ending inventory 93.000 63.000 Cost of goods sold 5518,000 5528,000 The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by 533,000. 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 5 S Check Previous Save Answers