Question: how do I calculate this step by step? Knowledge Check 01 The sales revenue and correct inventory Information for Talisman Corporation is provided below. Sales

Knowledge Check 01 The sales revenue and correct inventory Information for Talisman Corporation is provided below. Sales revenue Beginning inventory Purchases Ending Inventory Year 1 $75,000 10,000 50,000 12,000 Year 2 $80,000 12,000 60.000 9,000 By mistake the accountant at Talisman recorded $15.000 as ending inventory for Year 1. Which of the following is true of the total amount reported for cost of goods sold over the two-year period from Year 1 to Year 2 because of the error? Muluple Choice Inces by $3.000 Decreases by $3.000 Unaffected at 1000 Unaffected at 563.000
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