Question: Refer back to the California Pool Supplies inventory data in Short Exercise 6-12. Requirement 1. How would the inventory error affect California Pool Supplies cost

Refer back to the California Pool Supplies’ inventory data in Short Exercise 6-12.
Requirement
1. How would the inventory error affect California Pool Supplies’ cost of goods sold and gross profit for the year ended December 31, 2013, if the error is not corrected in 2012?

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