Question: solve this for me Current Attempt in Progress Ayayai Hardware Limited reported the following amounts for its cost of goods sold and inventory: 2024 2023
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Current Attempt in Progress Ayayai Hardware Limited reported the following amounts for its cost of goods sold and inventory: 2024 2023 Cost of goods sold $169,200 $152,900 Ending inventory 37,400 29,400 Ayayai made two errors in 2023. It recorded a $4,100 inventory purchase in transit at the end of 2023 that was shipped FOB destination and included this amount in ending inventory. Also during the year-end inventory count, staff forgot to count $5,000 of ending inventory that was on hand. No one discovered these errors in 2023. (a) Calculate the correct ending inventory and cost of goods sold amounts for each year. 2024 2023 Ending inventory $ $ Costofgoodssold $ $Step by Step Solution
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