May co inadvertently overstates its 2009 ending inventory

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May Co inadvertently overstates its 2009 ending inventory by $5000 and understates 2010 inventory by $5000. Which of the following refelcts the effect of these errors i 2010?Cost of goods sold is $10,000 overstated and current assets are $5000 undestated.

Reference no: EM13589883

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