If the ending inventory is overstated in period 1:

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If the ending inventory is overstated in period 1:

If the ending inventory is overstated in period 1:
A) beginning inventory in period 2 is overstated.
B) cost of goods sold in period 2 is overstated.
C) goods available for sale in period 2 are overstated.
D) All of these answers are correct.

Textbook

College Accounting: A Practical Approach

Edition: 13^th

Author: Slater

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