Business
Business, 14.05.2021 01:00, krystalhurst97

Imp Company uses a periodic inventory system. Beginning inventory on January 1 was overstated by $32,000, and its ending inventory on December 31 was understated by $62,000. These errors were not discovered until the next year. As a result, the company's gross profit for this year was:

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Imp Company uses a periodic inventory system. Beginning inventory on January 1 was overstated by $32...

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