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Assume the 2015 ending inventory of Sheas Shrimp Shack was overstated by $91,000. How would this error affect the amounts reported for cost of goods
Assume the 2015 ending inventory of Sheas Shrimp Shack was overstated by $91,000. How would this error affect the amounts reported for cost of goods sold and gross profit for 2015 and 2016.
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