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If the ending inventory of a firm is overstated by $54,000, by how much and in what direction (overstated or understated) will the firms opprating

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If the ending inventory of a firm is overstated by $54,000, by how much and in what direction (overstated or understated) will the firms opprating income be misstated? (Hint Use the cost of goods sold model, enter hypothetically "correct" data, and then reflect the effects of the ending inventory error and determine the effect on cost of goods sold )

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