If a company overstates its ending inventory for the current year, what are the effects on cost of goods sold and net income for the current year?

Name: If a company overstates its ending inventory for the current year, what are the effects on cost of goods sold and net income for the current year?
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The Answer of If a company overstates its ending inventory for the current year, what are the effects on cost of goods sold and net income for the current year?

If a Company Overstates Its Ending Inventory for the Current