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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Inventory errors
For each of the following inventory errors occurring in 2016, determine the effect of the error on 2016’s cost of goods sold, net income, and retained earnings. Assume that the error is not discovered until 2017 and that a periodic inventory system is used. Ignore income taxes.

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