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Ch. 5 - InventoryWorksheetSee all chapters
Practice: A company had an ending inventory that was overstated by $5,000 due to a miscount during the year-end inventory count. The amounts reflected in the end of the period balance sheet are: Practice: A company had a beginning inventory that was understated by$4,000 because the ending inventory in the previous period was understated by \$4,000. The amounts reflected in the current end of period balance sheet are: