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Please help me explain in 3 paragraphs What is impact on net income when there's an inventory error? Please break this down to the simplest

Please help me explain in 3 paragraphs What is impact on net income when there's an inventory error? Please break this down to the simplest explanation to include examples for my understanding.
OOOOO T-Mobile Wi-Fi ? 5243 AM 'Y 0' [DW + M5D1: Inventory Errors + Add * Favorite I Class JON BACKMAN 4:06AM January24,2017 What is the impact on Net Income when there is an inventory error

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