Instructions Instructions 2.5 Question 19 A company uses the periodic inventory method. An error in the physical count of goods on hand at the end of a period resulted in a $10,000 understatement of the ending inventory. The effect of this error in the current period is that (i) cost of good sold is and (ii) net income is (1) Overstated and (ii) Understated (i) Understated and (ii) Understated O i) Overstated and (ii) Overstated O None of these O Understated and (ii) Overstated