View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Kingbird, Inc. reported cost of goods sold as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Less: Ending inventory Cost of goods sold 2022 $ 28,040 188,840 216,880 38,660 $178,220 2021 $ 19,250 161.070 180,320 28.040 $152,280 Kingbird, Inc. made two errors: 1 2021 ending inventory was overstated by $1.840. 2022 ending inventory was understated by $4,860. 2 Compute the correct cost of goods sold for each year. 2021 2022 The correct cost of goods sold $ $ | eTextbook and Media Save for Later Attempts: 1 of 6 used Submit