Grandma Gwens Bakery reported net sales revenue of $52,000 and cost of goods sold of $22,000. Compute

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Grandma Gwen’s Bakery reported net sales revenue of $52,000 and cost of goods sold of $22,000. Compute Grandma Gwen’s Bakery’s correct gross profit if the company made either of the following independent accounting errors. Show your work.

a. Ending merchandise inventory is overstated by $6,000.

b. Ending merchandise inventory is understated by $6,000.

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