Current Attempt in Progress Your answer is incorrect. The Bonita Hat Shop Limited counted the entire inventory in its store on August 31 and arrived at a total inventory cost of $88,800. The count included $7,300 of inventory held on consignment for a local designer; $510 of inventory that was being held for customers who were deciding if they actually wanted to purchase the merchandise; and $1,000 of inventory that had been sold to customers but was being held for alterations. There were two shipments of inventory received on September 1. The first shipment cost $4,500. It had been shipped on August 29, terms FOB destination. The second shipment cost $4,570, plus freight charges of $260. It had been shipped on August 28, terms FOB shipping point. Neither of these shipments was included in the August 31 count. Calculate the correct cost of the inventory on August 31. Inventory cost $ eTextbook and Media Save for Later Attempts: 4 of 15 used Submit Answer Current Attempt in Progress Swifty Hardware Limited reported cost of goods sold as follows. 2022 2021 Beginning inventory $28,700 $20,200 Cost of goods purchased 191,400 148,900 Cost of goods available for sale 220,100 169,100 Ending inventory 37,600 28,700 Cost of goods sold $182,500 $140,400 Swifty made two errors: 1. 2021 ending inventory was overstated by $6,200. 2. 2022 ending inventory was understated by $2,900. Calculate the correct cost of goods sold for each year. Cost of goods sold $ eTextbook and Media Fou for lobor 2022 to 2021 Attemptri 0 of 15 ucod Submit Anquor