Compute ending inventory at September 30 using FIFO, LIFO, and moving-average. (Note: For moving-average, round unit cost to three decimal places.) Determine effects of inventory errors. *E6.18 (L L 5), AN Dowell Hardware reported cost of goods sold as follows. Dowell made two errors: 1. 2024 ending inventory was overstated by $2,000. 2. 2025 ending inventory was understated by $5,000. Instructions Compute the correct cost of goods sold for each year. Prepare correct income statements
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