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An Error in the Physical Count of Goods on Hand

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An error in the physical count of goods on hand at the end of a period resulted in an $18,000 overstatement of the ending inventory. The effect of this error in the current period is An error in the physical count of goods on hand at the end of a period resulted in an $18,000 overstatement of the ending inventory. The effect of this error in the current period is

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