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Co . uses a periodic inventory system. Beginning inventory on January 1 , 2 0 2 4 , overstated by $ 6 0 , 0

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Co. uses a periodic inventory system. Beginning inventory on January 1,2024, overstated by $60,000. The error was not discovered until 2025. As a result, Cos goods sold for 2024 was:
Overstated by $90,000
Understated by $60,000
None of the options listed
Overstated by $60,000
Understated by $90,000
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