An error in the physical count of goods on hand at the end of a period resulted in a $18,000 overstatement of the ending inventory. The effect of this error in the current period is

Multiple Choice Question 118 An error in the physical count of goods on hand at the end of a period resulted in a $18,000 overstatement of the ending inventory. The effect of this error in the current period is Cost of Goods SoldNtIncome O Understated Understated Understated Overstated Overstated Overstated Overstated Understated Click if you would like to Show Work for this question: Open Show Work