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A company understated its ending inventory balance by $7,000 in 2018 What impact will this error have on cost of goods sold and gross profit
A company understated its ending inventory balance by $7,000 in 2018 What impact will this error have on cost of goods sold and gross profit in 2018 and 2019, assuming no other errors are made in either year? 2018 Cost of goods sold Gross profit 2019 Cost of goods sold Gross profit
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