Question: Current Attempt in Progress Cheyenne Hardware Limited reported the following amounts for its cost of goods sold and Inventory: 2018 2017 Cost of goods sold

Current Attempt in Progress Cheyenne Hardware Limited reported the following amounts for its cost of goods sold and Inventory: 2018 2017 Cost of goods sold $168,400 $154,200 Ending inventory 37,500 30,200 Cheyenne made two errors: (1) ending inventory for 2018 was overstated by $1,800 and (2) ending inventory for 2017 was unde $4,400. Assume that neither error has been found or corrected. (a) Calculate the correct ending inventory and cost of goods sold amounts for each year, 2018 2017 GA Ending inventory Cost of goods sold $

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