Hobby Lobby hires an inventory management company to count its ending inventory in 2018. An employee for the inventory management company accidentally double counts an aisle of picture frames. The cost of the frames that were double counted was $5,000. Which of the following is true?

Question options:

	Hobby Lobby's 2018 COGS will be overstated by $5,000 due to the error
	Hobby Lobby's 2019 Ending Inventory will be understated by $5,000 due to the error
	Hobby Lobby's 2018 Ending Inventory will be understated by $5,000 due to the error
	Hobby Lobby's 2019 COGS will be overstated by $5,000 due to the error