The employees of Ewald Systems made an error when they performed the inventory count at year end. October 31, 20X8. Part of one warehouse was not counted, and therefore its inventory was not included in the company's total ending inventory. Required 1. Indicate the effect of the inventory error on ending inventory, cost of goods sold, gross protit, and net income for the year ended October 31, 20X8. 2. Will the error affect cost of goods sold, gross profit, and net income in 20X9? If so, what will the effects be?