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The ending inventory of a firm using a periodic inventory system was understated by $4,000 because of a calculation error, at 30 June 2020. Would

The ending inventory of a firm using a periodic inventory system was understated by $4,000 because of a calculation error, at 30 June 2020. Would cost of goods sold, current assets and gross profit be overstated, understated or not affected by this error?

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