es, 58 seconds. Question Completion Status: U ZO BLITT UIT OVemer , IU UTHS WITH TO 300 WICH, US LIU perpervertory method, wat was the value of the inventory OT November anter the sale? QUESTION 26 Cody Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $ 127,000 251,400 378,400 131,400 $ 247,000 Year 2 $ 131.400 282.000 413,400 136,400 $ 277,000 Cody Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,400 and 2) ending inventory at the end of Year 2 was overstated by $7,400. Given this information, the correct cost of goods sold figure for Year 2 would be: QUESTION 27 Discovery company needs to determine its year-end inventory. The warehouse contains 27.000 units, of which 3,700 were damaged by flood and are not sellable Anethet 21700 units were purchased from Markor Company FOB shipping point, and are currently in transit. The company also consigns goods and has 4,700 us at Os incation How many tits hd Sandoval include in its ear-end inventorv? Cred to attend submit. Click Save All Answers to see all answers