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What impact will this error have on cost of goods sold

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Question - Ebbers Corporation overstated its ending inventory balance by $15,000 in the current year. What impact will this error have on cost of goods sold and gross profit in the current year and following year?

Reference no: EM132905845

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What impact will this error have on cost of goods sold : Ebbers Corporation overstated its ending inventory balance by $15,000 in the current year. What impact will this error have on cost of goods sold
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