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Assume the 2018 ending inventory of Shea's Shrimp Shack was understated by $15,000. How would this error affect the amounts reported for cost of goods

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Assume the 2018 ending inventory of Shea's Shrimp Shack was understated by $15,000. How would this error affect the amounts reported for cost of goods sold and gross profit for 2018 and 2019. 2018 2019 Cost of Goods Sold Gross Profit

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