38. Inventory records for STC Company revealed the following: STC sold 90 units of inventory during the month. Ending inventory assuming Weighted Average would be Use the following to answer questions 3940 MATCH... For each of the following independent situations, fill in the blanks to indicate the effect of the error on each of the various financlal statement items. Assume that each of the companies uses a periodic inventory system. Indicate: (A) an understatement (B) an overstatement or (C) no effect, correct