Prunedale Co uses a periodic inventory system Beginning invertory on January was overstated by $32,000, and is ending inventory on December 31 was understated by 562.000 These errors were not discovered wil the next year. As a result, Prunedale's cost of goods sold for this year was ge Owned by $4,000 Overed by $30.000 O Underted by 994.000 Unded by 30.000