Vaughn Company understated its 2021 ending inventory by $30,200. Determine the impact this error has...
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Vaughn Company understated its 2021 ending inventory by $30,200. Determine the impact this error has on ending inventory, cost of goods sold, and owner's equity in 2021 and 2022. 2021 2022 Ending inventory Understated : $ No Effect $ Cost of goods sold Overstated : S 30200 Understated : $ Owner's equity Understated : $ . $ $
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