A company understated its ending inventory balance by $8,000 in 2015.What impact will this error have on cost of goods sold and gross profit in 2015 and 2016?

Name: A company understated its ending inventory balance by $8,000 in 2015.What impact will this error have on cost of goods sold and gross profit in 2015 and 2016?
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The Answer of A company understated its ending inventory balance by $8,000 in 2015.What impact will this error have on cost of goods sold and gross profit in 2015 and 2016?

A Company Understated Its Ending Inventory Balance by $8,000 in 2015.What