Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 48

Trendy Department Store uses a perpetual inventory system but adjusts its inventory records at year-end to reflect the results of a complete physical inventory.n the physical inventory taken at the ends of 2014 and 2015, Trendy's employees failed to count the merchandise in the store's window displays.he cost of this merchandise amounted to $13,000 at the end of 2014 and $19,000 at the end of 2015.s a result of these errors, the cost of goods sold for 2015 will be:
a.nderstated by $19,000.
b.verstated by $6,000.
c.nderstated by $6,000.
d.one of the above.