Understatement of ending inventory causes Select one: A. Cost of goods sold to be understated and net income to be understated B. Cost of goods sold to be overstated and net income to be understated C. Cost of goods sold to be overstated and net income to be accurate D. Cost of goods sold to be overstated and net income to be overstated E. Cost of goods sold to be understated and net income to be overstated Understatement of ending inventory causes Select one O A. Cost of goods sold to be understated and net income to be understated B. Cost of goods sold to be overstated and net income to be understated O C. Cost of goods sold to be overstated and net income to be accurate O D. Cost of goods sold to be overstated and net income to be overstated O E. Cost of goods sold to be understated and net income to be overstated