Question: What is the correct amount? Take me to the text A company reported ending inventory of $112,000 in year 1. It was discovered in year

What is the correct amount?

What is the correct amount? Take me to the text A
Take me to the text A company reported ending inventory of $112,000 in year 1. It was discovered in year 2 that the correct value of the ending inventory was $109,000 fo year 1. Complete the following table based on this information. Assume the company uses the perpetual inventory system. Do not enter dollar signs or commas in the input boxes. Enter a negative sign as appropriate for the Profit(Loss) line item. Item Reported Correct Amount Inventory $112,000 $ Current Assets $149,000 $ Total Assets $417,000 $ Owner's Equity, Year 1 $162,000 $ Sales $1,060,000 $ Cost of Goods Sold $530,000 $ Profit (Loss) for Year 1 $13,000 $ Check Note: The "check" button does not submit your attempt.To submit the attempt, go to the end of the quiz and click on the "submit all and finish" button. here to search O N O G W

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