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Lily Company understated its 2021 ending inventory by $30,650. Determine the impact this error has on ending inventory, cost of goods sold and owner's equity

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Lily Company understated its 2021 ending inventory by $30,650. Determine the impact this error has on ending inventory, cost of goods sold and owner's equity in 2021 and 2022. 2021 2022 Ending Inventory Cost of goods sold Owner's equity e Textbook and Me Overitated No act Attempts: 0 of 3 used SA Understated

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