1. Pete's Puzzle Shop uses a periodic system. At the beginning of the accounting period, the shop purchases goods with terms FOB Shipping Point. The goods are shipped during the current period and arrive at Pete's at the start of the next accounting period. If Pete's excludes the purchased goods from its inventory at the end of the current period, the current period's a. ending inventory will be understated. b. ending inventory will be overstated. c. ending inventory will be correctly stated. d. More information is needed to answer this question.