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Business, 18.03.2021 01:40 vanna7353

Bramble Enterprises reported cost of goods sold for 2020 of $1,474,700 and retained earnings of $5,621,900 at December 31, 2020. Bramble later discovered that its ending inventories at December 31, 2019 and 2020, were overstated by $109,760 and $36,670, respectively. Determine the corrected amounts for 2020 cost of goods sold and December 31, 2020, retained earnings.

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Bramble Enterprises reported cost of goods sold for 2020 of $1,474,700 and retained earnings of $5,6...
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