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La Castle Bakery reported net sales revenue of $ 4 6 , 0 0 0 and cost of goods sold of $ 2 4 ,

La Castle Bakery reported net sales revenue of $

46, 000

and cost of goods sold of $

24, 000 .

Compute La Castle's correct gross profit if the company made either of the following independent accounting errors.

.

Ending merchandise inventory is overstated by $

6, 000 .

.

Ending merchandise inventory is understated by $

6, 000 .

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