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Durring an audit of Jones company 201 financial statements, you discovered purchases in the amount of $15,000 were recorded twice. Which of the following answer

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Durring an audit of Jones company 201 financial statements, you discovered purchases in the amount of $15,000 were recorded twice. Which of the following answer is true? Cost of goods available for sale will be understated by $15,000 The sum of ending inventory and cost of goods sold will be understated by $15,000 Cost of goods sold will be overstated by $15,000 Cost of goods available for sales will be overstated by $15,000

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