Exercise 6-8 (Part Level Submission) Seles Hardware Limited reported the following amounts for its cost of goods sold and merchandise inventory: 2015 -2014 Cost of goods sold $169,570 and $154,730 respectively. Ending inventory was 38,360 and 31,240 for 2015 and 2014 respectively. Seles made two errors: (1) ending inventory for 2015 was overstated by $3,080 and (2) ending inventory for 2014 was understated by $6,589. Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. Calculate the correct ending inventory and cost of goods sold amounts for each year.