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E6.9 (LO 3), AN Dowell Hardware reported cost of goods sold as follows. Dowell made two errors: 1. 2021 ending inventory was overstated by $2,000.

E6.9 (LO 3), AN Dowell Hardware reported cost of goods sold as follows. Dowell made two errors: 1. 2021 ending inventory was overstated by $2,000. 2. 2022 ending inventory was understated by $5,000

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