What accounts will be affected by this understatement, and how will they be affected?

/in /by

Hello Class;

It is discovered in 2013 that ending inventory from 2011 is understated.

What accounts will be affected by this understatement, and how will they be affected?

This is a situation that really happens. Start with the 2011 inventory being understated, and track the changes through the inventory account to 2013