Question 5 4.5 pts What is the likely effect on a manufacturer's financial statements of mistakenly charging a period cost as a product cost? (Assume that all jobs were finished, but none were sold). Inventory Overstated Income No effect O Inventory Understated Income Understated O Inventory Understated Income Overstated o Inventory Overstated Income Overstated O Inyantony Income Inventory Overstated Income No effect o Inventory Understated Income Understated o Inventory Understated Income Overstated O Inventory. Overstated Income Overstated Inventory Overstated Income Understated