Question: BE 9 - 1 5 Inventory error LO 9 - 7 In 2 0 2 4 , Waterway International, Inc. ' s controller discovered that

BE 9-15 Inventory error
LO9-7
In 2024, Waterway International, Inc.'s controller discovered that ending inventories for 2022 and 2023 were overstated by $200,000 and
$500,000, respectively. Determine the effect of the errors on retained earnings at January 1,2024.(Ignore income taxes.)
BE 9-15 Inventory error LO9-7 In 2024, Waterway International, Inc.'s controller

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