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$