[1] Heidelberg Co.'s beginning inventory at January 1 was understated by $52,000, and its ending inventory was overstated by $104,000. As a result, Heidelberg's cost of goods sold for the year was A. Understated by $52,000. B. Overstated by $52,000. C. Understated by $156,000. D. Overstated by $156,000. [3] The following costs were incurred by Parthos Co., a manufacturer, during the current year: Accounting and legal fees $50,000 Freight-in 350,000 Freight-out 320,000 Officers' salaries 300,000 Insurance 170,000 Sales representatives' salaries 430,000 What amount of these costs should be reported as general and administrative expenses for the current year? A. $520,000 B. $1,100,000 C. $1,270,000 D. $1,620,000