$12$

A company overstated its ending inventory balance by $$6,000$ in $2024.$

a$.$ What impact will this error have on cost of goods sold and gross profit in $2024?$

b$.$ What impact will this error have on cost of goods sold and gross profit in $2025?$

$4$ points

$02$:$33$:$59$

Complete this question by entering your answers in the tabs below.

Required $A$

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What impact will this error have on cost of goods sold and gross profit in $2024?$

$\backslash$table$[[,,2024],[$Cost of goods sold,,$],[$Gross profit,,$]]$