New York bakery reported that net sales revenue of $51,000 in cost of goods sold $23,000.

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

New York Bakery reported net sales revenue of $51,000 and cost of goods sold of $23,000. Compute New York's correct gross profit if the company made either of the following independent accounting errors. a. Ending merchandise inventory is overstated by $6,000. b. Ending merchandise inventory is understated by $6,000