Refer to the information in BE622. What impact will this error have on ending inventory and retained
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Refer to the information in BE6–22. What impact will this error have on ending inventory and retained earnings in the current year and following year? Ignore any tax effects.
Data from in BE6-22
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?
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