IDNLearn.com provides a reliable platform for finding accurate and timely answers. Discover in-depth and reliable answers to all your questions from our knowledgeable community members who are always ready to assist.

metlock hardware reported cost of goods sold as follows. 2022 2021 beginning inventory $ 31,500 $ 25,000 cost of goods purchased 199,500 150,000 cost of goods available for sale 231,000 175,000 less: ending inventory 35,500 31,500 cost of goods sold $195,500 $143,500 metlock made two errors: 1. 2021 ending inventory was overstated by $3,200. 2. 2022 ending inventory was understated by $6,300. compute the correct cost of goods sold for each year. 2022 2021 cost of goods sold $enter the cost of goods sold amount for year 2022 in dollars $enter the cost of goods sold amount for year 2021 in dollars