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Your answer is partially correct. Swifty Company understated its 2021 ending inventory by $30,400. Determine...

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Your answer is partially correct. Swifty Company understated its 2021 ending inventory by $30,400. 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 $ Understated $ Owner's equity Understated $ No Effect e Textbook and Media Save for Later Attempts: 2 of 3 used Submit

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