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Assume the 2021 ending inventory of Shea's Shrimp Shack was understated by $6.500. How would this error affect the amounts reported for cost of goods

Assume the 2021 ending inventory of Shea's Shrimp Shack was understated by $6.500. How would this error affect the amounts reported for cost of goods sold and gross profit for 2021 and 2022 2021 2022 Cost of Goods Sold Gross Profit

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