Your answer is partially correct. Riverbed Hardware Limited reported cost of goods sold as follows. 2022 2021 Beginning inventory $29,500 $19,400 Cost of goods purchased 167,300 175,100 Cost of goods available for sale 196,800 194,500 Ending inventory 34,800 29,500 Cost of goods sold $162,000 $165,000 Riverbed made two errors: 1. 2021 ending inventory was overstated by $5,700. 2. 2022 ending inventory was understated by $3,000. Calculate the correct cost of goods sold for each year. Cost of goods sold $162,000 $165,000 Riverbed made two errors: 1. 2021 ending inventory was overstated by $5,700. 2. 2022 ending inventory was understated by $3,000. Calculate the correct cost of goods sold for each year. 2022 Cost of goods sold SA $ 196800 $ 2021 170700