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Exercise 6-10 Crane's Hardware reported cost of goods sold as follows 2019 $ 15,000 $25...

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Accounting

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Exercise 6-10 Crane's Hardware reported cost of goods sold as follows 2019 $ 15,000 $25 120,000 35,0001 25,000 2020 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold 140,000 165,000 30,000 102000$135,000 Crane's made two errors: (3) 2019 ending inventory was overstated $3,000, and (2) 2020 ending inventory was understated $5,000. Compute the correct cost of goods sold for each year. 2019 2020 Cost of goods sold

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