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    Accounting

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    Evaluate each (separate) inventory error and determine whether it overstates or understates each item.

    Inventory Error Cost of Goods Sold Net Income
    Understates beginning inventory
    Understates ending inventory
    Overstates beginning inventory
    Overstates ending inventory

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    https://brainmass.com/business/business-math/accounting-238438

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    Inventory Error Cost of Goods Sold Net Income
    Understates beginning ...

    $2.19

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