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

تمرين 57

Inventory Error
Due to ineffective controls while counting its inventory, Walker Comer, Inc., double-counted$50,000 of inventory at the end of the current year.efore discovering this error, the company'sending inventory was $670,000.ow will correction of this error affect the company's inventoryand cost of goods sold figures