Question: 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

Errors in Inventory Counts The following information was taken from the

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: 1. 2018 ending inventory was understated by $8,000. 2. 2019 ending inventory was overstated by $4,000. Compute the correct cost of goods sold for both 2018 and 2019

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