Question: E 6 - 5 A . Errors in Inventory Counts The following information was taken from the records of Tinker Enterprises: The following two errors

E6-5A. Errors in Inventory Counts The following information was taken from
E6-5A. Errors in Inventory Counts The following information was taken from the records of Tinker
Enterprises:
The following two errors were made in the physical inventory counts:
Year 1 ending inventory was understated by $8,000.
Year 2 ending inventory was overstated by $4,000.
Compute the correct cost of goods sold for both years.
the records of Tinker Enterprises: The following two errors were made in

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