= Homework: Ch 6 Homework A - Graded Question 6, SF6-9 (similar to) Part 3 of 4 HW Score: 56.61%, 54.91 of 97 points Points: 1.67 of 10 Save Van Dyke Pool Supplies' merchandise inventory data for the year ended December 31, 2025, follow: E: (Click the icon to view the inventory data) Read the requirements . Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $1,500. What are the correct amounts for cost of goods sold and gross profit? Cost of goods sold in 2025 would be $ 27,700 What is the correct amount of gross profit? Gross profit in 2025 would be $ 20,300 Requirement 2. How would the inventory error affect Van Dyke Pool Supplies' cost of goods sold and gross profit for the year ended December 31, 2026, if the error is not corrected in 2025? Cost of goods sold for 2026 would be Help me solve this Etext pages Get more help Media Clear all Check answer = Homework: Ch 6 Homework A - Graded Question 6, SF6-9 (similar to) Part 3 of 4 > HW Score: 56.61%, 54.91 of 97 points Points: 1.67 of 10 Save Van Dyke Pool Supplies' merchandise inventory data for the year ended December 31, 2025, follow: E: (Click the icon to view the inventory data) - X Read the requirements Data table 48.000 Requirement 1. Assume that the ending merchandise inventory was accidentally overstated by $1,500. Wh Net Sales Revenue Cost of Goods Sold: Cost of goods sold in 2025 would be $ 27,700 $ 5,600 Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 25,100 What is the correct amount of gross profit? 30,700 Gross profit in 2025 would be $ 20,300 4,500 Less: Ending Merchandise Inventory Requirement 2. How would the inventory error affect Van Dyke Pool Supplies' cost of goods sold and gross 26,200 Cost of Goods Sold ..zoom Cost of goods sold for 2026 would be by $ 21,800 Gross Profit Print Done Help me solve this Etext pages Get more help Media Clear all Check answer = Homework: Ch 6 Homework A-Graded Question 7, SF6A-11 (similar to) HW Score: 56.61%, 54.91 of 97 points O Points: 0 of 10 Save The periodic inventory records of Miami Prosthetics indicate the following for the month of October: (Click the icon to view the inventory records.) At October 31, Miami counts five units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Miami using the FIFO inventory costing method. - X Data table FIFO Cost Ending Merchandise Inventory Cost of Goods Sold Oct. 1 Beginning merchandise inventory Oct. 8 Purchase 8 units @ $45 each 10 units @ $54 each 13 units @ $55 each 15 units @ $61 each Oct. 15 Purchase Oct. 26 Purchase Print Done Help me solve this Etext pages Get more help Media Clear all Check