Question: E6-23 Measuring the effect of an inventory error Hot Bread Bakery reported Net sales revenue of $44,000 and cost of goods sold of $33,000. Compute

E6-23 Measuring the effect of an inventory error Hot Bread Bakery reported Net sales revenue of $44,000 and cost of goods sold of $33,000. Compute Hot Bread'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 $8,000. b. Ending merchandise inventory is understated by $8,000.

6-23 Measuring the effect of an inventory error Hot Bread Bakery reported Net sales revenue of $44,000 and cost of goods sold of $33,000. Compute Hot Bread'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 $8,000. b. Ending merchandise inventory is understated by $8,000

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