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DO ITI G-3 Vanida Company understated its 2016 ending inventory by $27,000. Deter- mine the impact this error has on ending inventory, cost of goods

DO ITI G-3 Vanida Company understated its 2016 ending inventory by $27,000. Deter- mine the impact this error has on ending inventory, cost of goods sold, and owner's equity in 2016 and 2017

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