Question 8 1 pts [This requires critical thinking. Drawing diagrams or financial statements may help you visualize the situation. Remember that "total goods available to sell will end up as either COGS (goods that were sold) or ending inventory (goods still in inventory). Therefore, an inventory error will impact both the income statement and the balance sheet.) The accountant at Jill's Designs, Inc. errored in measuring ending inventory. Due to this error, the ending balance of inventory on the Balance sheet is OVERstated. From the following list, which is most likely to be associated with the fact that ending inventory is OVERstated? Net sales will be overstated Current assets will be understated Sales discounts will be understated Cost of goods sold (COGS) will be understated