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Taylor129
Taylor129
19.07.2019 • 
Business

Hercula pool supplies's merchandise inventory data for the year ended december 31 comma 2019 comma follow: (click the icon to view the inventory data.) read the requirements requirement 1. assume that the ending merchandise inventory was accidentally overstated by $ 2 comma 200. what are the correct amounts for cost of goods sold and gross profit? cost of goods sold in 2019 would be $ . what is the correct amount of gross profit? gross profit in 2019 would be $ . requirement 2. how would the inventory error affect hercula pool supplies's cost of goods sold and gross profit for the year ended december 31, 2020, if the error is not corrected in 2019? cost of goods sold for 2020 would be by $ . how would the inventory error affect hercula pool supplies's gross profit for the year ended december 31, 2020, if the error is not corrected in 2019? gross profit for 2020 would be by $ .

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