Effect of an inventory error-one year only California Pool Supplies' inventory data for the year ended December 31, 2012, follow: 11eb8258_9513_879a_bb02_41bea515b167_SM1625_00 Assume that the ending inventory was accidentally overstated by $2,400. Requirement 1. What are the correct amounts for cost of goods sold and gross profit

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

تمرين 25

Effect of an inventory error-one year only
California Pool Supplies' inventory data for the year ended December 31, 2012, follow:

Assume that the ending inventory was accidentally overstated by $2,400.
Requirement
1. What are the correct amounts for cost of goods sold and gross profit

التوضيح

موثّق

This exercise requires application of th...