Question: help please im not sure how to do this. thanks Swifty Hardware reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 31,000

help please im not sure how to do this. thanks

Swifty Hardware reported cost of goods sold as follows. 2022 2021 Beginning inventory $ 31,000 $ 21,500 Cost of goods purchased 203,500 153,000 Cost of goods available for sale 234,500 174,500 Less: Ending inventory 35,000 31,000 Cost of goods sold $199,500 $143,500 Swifty made two errors: 1.2021 ending inventory was overstated by $3,600. 2. 2022 ending inventory was understated by $6,550

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