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Aunt Betty Bakery reported net sales revenue of $ 5 8 , 0 0 0 and cost of goods sold of $ 1 2 ,
Aunt Betty Bakery reported net sales revenue of $ and cost of goods sold of $
Compute Aunt Betty's correct gross profit if the company made either of the following independent accounting errors.
a Ending merchandise inventory is overstated by $
b Ending merchandise inventory is understated by $
tabletableCost of Goods SoCorrectedtableId and Gross Profitfor the ErrorEnding Mercha,Indise Inventory:tablerted recttablea Overstated by$
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