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This Question: 2 pts 9 of 35 (4 complete) Assume that a purchase avoice for $1,000 was appropriately recorded in fiscal 2019, but the
This Question: 2 pts 9 of 35 (4 complete) " Assume that a purchase avoice for $1,000 was appropriately recorded in fiscal 2019, but the inventory was excluded in error during the ending inventory count. What impact wil this have c OA. Ending inventory is not affected by the prior year inventory counting error OB. Cost of sales is overstated by $1,000 OC. Beginning inventory is overstated by $1,000, OD. Gross margin is understated by $1,000 cal 2020 cal reporting Assume that a purchase invoice for $1,000 was apprconately reconded in fiscal 2010, but the imintory was excluded memor during the ending mentory count What impact wit t OA. Ending inventory is not affected by the poor year inventory counting OB. Cost of sales is overstated by $1,000 OC. Begning inventory is overstated by $1,000 OD. Gross margin is understated by $1,000
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