Solution-How this error would effect the amounts ofcost of

How this error would effect the amounts ofcost of goods sold

Reference no: EM13872574

Repeat M7-16, except assume the 2015 ending inventory was over stated by $ 100,000. Refer M7-16 Assume the 2015 ending inventory of Shea's Shrimp Shack was understated by $ 10,000. Explain how this error would affect the amounts reported for cost of goods sold and gross profit for 2015 and 2016.

Reference no: EM13872574

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How this error would effect the amounts ofcost of goods sold : Repeat M7-16, except assume the 2015 ending inventory was over stated by $ 100,000. Refer M7-16 Assume the 2015 ending inventory of Shea's Shrimp Shack was understated by $ 10,000. Explain how this error would affect the amounts reported for cost of ..

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How this error would effect the amounts ofcost of goods sold

Reference no: EM13872574

Reference no: EM13872574

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