A company has $6,800 in net sales, $1,100 in gross profit, $2,500 in ending inventory and $2,000 in beginning inventory. The company's cost of goods sold is: $6,200. $7,100. $5,700. $4,800. If ending inventory in Period 1 is overstated, Cost of Goods Sold in Period 2 is: understated. overstated. not affected. the same as in Period 1