Sharleen's Wigs reported cost of goods sold as follows: Beginning inventory Cost of goods purchased Deduct ending inventory Cost of goods sold Sharleen's made two errors: 2. 2024 $ 54,000 847,000 (64,000) $837,000 2024 ending inventory was overstated by $3,000. Instructions 2025 ending inventory was understated by $9,000. 2025 $ 64,000 891,000 (55,000) $900,000 Assuming the errors had not been corrected, indicate the dollar effect that the errors had on the items appearing on below. Also indicate if the amounts are overstated (O) or understated (U).

Sharleen's Wigs reported cost of poods sold as follows Starteen's made two errors 1. 2024 ending inventory was overstated by 53,000 2. 2025 ending inventory was undeistated by $9,000 Instructions Assurtion the errors had not beeri cortected, indicale the dollar eflect that the errors had on the itemis appearng o belowe Also thidicate if the amounts are overstated (O) or underssated (U)