Question: Current Attempt in Progress Sheffield Hardware Limited reported the following amounts for its cost of goods sold and Inventory: Sheffield made two errors in 2020.


Current Attempt in Progress Sheffield Hardware Limited reported the following amounts for its cost of goods sold and Inventory: Sheffield made two errors in 2020. It recorded a $4,400 inventory purchase in transit at the end of 2020 that was shipped FOB destination and included this amount in ending inventory. Also during the year-end inventory count, staff forgot to count $5,000 of ending inventory that was on hand. No one discovered these errors in 2020. Calculate the correct ending inventory and cost of goods sold amounts for each year. Attempts: 0 of 2 used Using multiple attempts will impact your score. 50% score reduction after attempt 1 (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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