Question: Metlock, Inc. understated its 2 0 2 1 ending inventory by $ 3 0 , 8 0 0 . Determine the impact this error has

Metlock, Inc. understated its 2021 ending inventory by $30,800. Determine the impact this error has on ending inventory, cost of
goods sold, and stockholders' equity in 2021 and 2022.
2021
2022
Ending inventory
Cost of goods sold
Stockholders' equity
 Metlock, Inc. understated its 2021 ending inventory by $30,800. Determine the

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