Goldfinger Company Assume Goldfinger Company incorrectly counted its physical inventory at December 31, 2004 as $150,000 instead of $200,000 (someone forgot to count the inventory in one warehouse). Refer to Goldfinger Company. Which of the following is true about the unadjusted book inventory at December 31, 2005?

a. It is overstated by $10,000 b. It is correct c. It is understated by $10,000 d. None of the above