Question: Exercise 6-9 Your answer is partially correct. Try again. Elliott's Hardware reported cost of goods sold as follows. 2016 2017 Beginning inventory Cost of goods

Exercise 6-9 Your answer is partially correct. Try again. Elliott's Hardware reported cost of goods sold as follows. 2016 2017 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $25,000 154,000 179,000 30,000 $149,000 30,000 205,000 235,000 38,000 $197,000 Elliott's made two errors: (1) 2016 ending inventory was overstated $3,600, and (2) 2017 ending inventory was understated $6.500. Compute the correct cost of goods sold for each year 2016 2017 Cost of goods sold Type here to search

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