The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013 ending inventory was understated by $28,000. Compute the correct cost of goods sold for both 2012 and 2013.

2013: $490,000   2012: $561,000

Question:

Errors in inventory count the following information was taken from the record of Spencer Enterprises

                                                                    2013                   2012        

Beginning Inventory                                    $63,000             $83,000

Cost of goods purchased                           $548,000           $508,000

Cost of goods available for sale                $611,000             $591,000

Ending inventory                                         $93,000            $63,000

Cost of goods sold                                     $518,000           $528,000

The following two errors were made in the physical inventory counts:

1. 2012 ending inventory was overstated by $33,000

2. 2013 ending inventory was understated by $28,000.

Compute the correct cost of goods sold for both 2012 and 2013.

Explanation:

Computation of cost of goods sold for the year 2016 and 2015

Particulars                                                    2013           2012          

Beginning inventory                                    $63,000   $83,000

Cost of goods purchased                            $548,000   $508,000

Cost of goods available for sale                    $611,000   $591,000

Ending inventory (corrected)                           $121,000   $30,000

Cost of goods sold (corrected)                       $490,000   $561,000.

note:

In 2013 new ending inventory = $93,000 + $28,000 = $121,000

In 2012 new ending inventory = $63,000 - $33,000 = $30,000

Beginning inventory + Cost of goods purchased = Cost of goods available for sale

Cost of goods available for sale - Ending inventory = Cost of goods sold

answer is i don't know

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants