Question: Exercise 6-10 Your answer is partially correct. Try again. Pharoah's Hardware uses the perlodic inventory system and reported cost of goods sold as follows. 2018
Exercise 6-10 Your answer is partially correct. Try again. Pharoah's Hardware uses the perlodic inventory system and reported cost of goods sold as follows. 2018 2019 Beginning inventory Cost of goods purchased $ 20,000 $30,500 152,000 200,000 Cost of goods available for sale 172,000 230,500 Ending Inventory 30,500 30,000 $141,500 Cost of goods sold $192,500 Pharoah's made two errors: (1) 2018 ending inventory was overstated $3,100, and (2) 2019 ending inventory was understated $6,400. Compute the correct cost of goods sold for each year 2018 2019 144,600 186.100 Cost of goods sold UNK TO TEX viDEO APPLRD SKILES
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