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Business, 19.03.2020 23:59 csarge2972
In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and understated ending inventory by $10,000. Determine how this error effects each of the following. (a) Year 1 cost of goods sold. Overstates Year 1 cost of goods sold. Understates Year 1 cost of goods sold. None of the above.
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In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and...
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