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The Following Data Are Available for Three Products of the Classic

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The following data are available for three products of the Classic Company:  A  B  C  Beginning inventory $5,000$20,000$15,000 Purchases 45,00065,00062,000 Goods available for sale 50,00085,00077,000 Ending inventory 18,00013,0009,000 Cost of goods sold 32,00072,00068,000\begin{array} { l r r r } & \text { A } & \text { B } & \text { C } \\\text { Beginning inventory } & \$ 5,000 & \$ 20,000 & \$ 15,000 \\\text { Purchases } & 45,000 & 65,000 & 62,000 \\\text { Goods available for sale } & 50,000 & 85,000 & 77,000 \\\text { Ending inventory } & 18,000 & 13,000 & 9,000 \\\text { Cost of goods sold } & 32,000 & 72,000 & 68,000\end{array} You discover the following errors:
a)Ending inventory for product A was overstated by $6,000.
b)Ending inventory for product B was understated by $5,000.
c)Beginning inventory for product C was overstated by $3,000.
Considering these errors, recalculate cost of goods sold for each product.

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Definitions:

Inhibited Temperament

A personality trait characterized by shyness, cautiousness, and high levels of emotional reactivity to new or unfamiliar situations.

Difficult Temperament

A behavioral profile characterized by high reactivity and difficulty adapting to changes or regulating emotions.

Slow-To-Warm-Up

A temperament trait describing individuals who are typically cautious and less engaging in new situations but gradually become more comfortable with exposure.

Phobic Disorder

A type of anxiety disorder characterized by an extreme, irrational fear of specific situations, objects, or activities, leading to avoidance behaviors.

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