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Business, 23.04.2021 17:10 ash9951

Tamarisk Enterprises reported cost of goods sold for 2020 of $1,512,800 and retained earnings of $5,078,800 at December 31, 2020. Tamarisk later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $113,870 and $35,230, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings.

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Tamarisk Enterprises reported cost of goods sold for 2020 of $1,512,800 and retained earnings of $5,...

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