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D Question 1 2 pts Portland Supplies Co. mistakenly excluded $3,000 of goods from its December 31, 2016 physical inventory court.it December 31, 2017 inventory
D Question 1 2 pts Portland Supplies Co. mistakenly excluded $3,000 of goods from its December 31, 2016 physical inventory court.it December 31, 2017 inventory amount was correct. As a result of this error, 2016 income is overstated by $3,000 2016 ending inventory is overstated by $3,000. 2017 income is overstated by $3,000 2017 cost of goods sold is overstated by $3.000. Question 2 2pts a company desires to increase its inventory then it should se more goods that pudrases during the period. purchase more goods antes during the period purchase the same amount of goods that sels increases se ng prices to the customers would not being to purchase Question 3
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