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Vanida Company understated its 2021 ending inventory by $27,000. Determine the impact this error has on ending inventory, cost of goods sold, and owner's equity

Vanida Company understated its 2021 ending inventory by $27,000. Determine the impact this error has on ending inventory, cost of goods sold, and owner's equity in 2021 and 2022.
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uine effect of inventong erros. DO ITI 5.3 (LO 3), AN Vanidar Company understated its 2021 ending inventory by \$27,000. Determine the impact this error has on ending inventory, cost of goods sold, and owner's equity in 2021 and 2022

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