Question: If total profit over two years was $30,000 using an understated cost of goods sold of $1,000 in Year 1, what would the total profit

If total profit over two years was $30,000 using an understated cost of goods sold of $1,000 in Year 1, what would the total profit be over the two years using the correct data?

$28,000

$31,000

$30,000

$29,000

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