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Early in 2021 Dunder Mifflin discovered that ending 2020 inventory was understated by $150,000 due to mistake on the physical inventory count. The Company uses

Early in 2021 Dunder Mifflin discovered that ending 2020 inventory was understated by $150,000 due to mistake on the physical inventory count. The Company uses periodic inventory system. The correcting entry would include lignore taxes)

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