Explain how this error will affect graysons 2013 financial


Grayson Company failed to count $22,000 of inventory in its 2013 year end physical count. 

Required: 

Explain how this error will affect Grayson's 2013 financial statements, assuming that Grayson uses the perpetual inventory system. 

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Managerial Accounting: Explain how this error will affect graysons 2013 financial
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