How should the disposal of a component of a business be

ACCY 331, Week 6, CH8 Valuation of Inventories Example: Inventory Errors  Assume that, at the end of 2017, the accountant of Cooper Corp. forgot to count $1,000 of goods when it performed the annual inventory count. o This error went undetected through 2018. o What effect would this error have on the financial statements for 2017...