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all 4 plz A company's correct ending baiance for the inventory account at the end of 2024 should be $5,000, but the company incomectly stated

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A company's correct ending baiance for the inventory account at the end of 2024 should be $5,000, but the company incomectly stated it as $3,000. 2025, the company correctly recorded its ending balance of the inventory account. Which one of the following is true? Nultipie Choice Retained earnings are understated by $2,000 in 2025. Gross profit is overstated by $2,000 in 2024 Cost of goods sold is tinderstated by $2,000 in 2024. Gross profit is overstated by $2,000 in 2025. inventory recoras for Lapetown, incorporatea reveaieo the tollowing: Capetown sold 600 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculation Round your answer to the nearest dollar amount.) Multiple Choice $405. $509. $980. \$884: The following information pertains to inventory for a company. March 1 Beginning inventory =34 units @ $5.30 March 3 Purchased 14 units @ 3.90 March 9 Sold 27 units @ 9.00 What is the ending inventory balance, assuming the company uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multipie Choice 5175 555 5111 $92 The following information pertains to inventory for a company: March 1 Beginning inventory =34 units e $5.30 March 3 Purchased 14 units @ 3.90 March 9 Sold 27 units @ 9.00 What is the ending inventory balance, assuming the company uses FIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multipie Choice 5175 555 5111 $92

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