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What will cause an overstatement of Cost of Goods Sold?

A. Understated beginning and ending inventory

B. Understated beginning and overstated ending inventory

C. Overstated beginning and overstated ending inventory

D. Overstated beginning and understated ending inventory

Accounting Auditing Cost Accounting Budgeting Financial Accounting
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Question added by Michael Lagunday , Accountant , Dubai Camel Racing Club
Date Posted: 2015/08/09
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Gashirai Masvikeni
by Gashirai Masvikeni , Audit Senior , Grant Thornton Cape (South Africa)

Overstated beginning and understated ending inventory

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