An error in the ending inventory for the year ended December 31, 2016:

A.

automatically creates errors in the ending inventory balance in the 2016 and 2017 financial statements

B.

automatically creates errors in cost of goods in the 2016 and 2017 financial statements

C.

affects only the 2016 financial statements

D.

has no effect on the 2016 financial statements but will create an error in the 2017 financial statements