Business
Business, 16.04.2020 02:53, craincrew5239

Windsor Enterprises reported cost of goods sold for 2020 of $1,298,600 and retained earnings of $4,941,400 at December 31, 2020. Windsor later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $119,050 and $32,440, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings.

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Windsor Enterprises reported cost of goods sold for 2020 of $1,298,600 and retained earnings of $4,9...

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