Question: froblem 6 - 1 1 A Analysis of inventory errors LO 5 , 9 While performing a detailed review of its financial records, Doors Unlimited
froblem A Analysis of inventory errors LO
While performing a detailed review of its financial records, Doors Unlimited noted the following ending inventory errors:
tableUnderstated $Overstated $No errors
table$ $ $ Cost of goods sold as reported.,
Required Calculate the corrected ending inventory and cost of goods sold amounts for each year by completing the following schedule:
table
Corrected ending inventory
Corrected cost of goods sold
Corrected profit.
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