Majik Carpet Was Having Problem Selling Inventory Item #371 So

Majik Carpet was having problem selling inventory item #371 so the owner decided to place that item with a consignee to see if they could sell it. Theconsignee still had the carpet at June 30, 2017 and it was mistakenly notincluded in the ending inventory count. Indicate the amount of any over or understatement of net income for the month of June as a result of this error