5. Which of the following statements with respect to the impact of inventory errors is not correct? All else being equal, a. An overstatement of ending inventory will result in an understatement of income. b. An overstatement of ending inventory will result in an overstatement of income. c. An overstatement of beginning inventory will result in an understatement of income. d. An understatement of beginning inventory will cause cost of goods sold to be understated