Bennett Company's accountant made the following errors related to merchandise inventory in 2016: 1. The beginning inventory for 2016 was overstated by $1,900 due to an error in the physical count. 2. A $1,150 purchase of merchandise on credit was not recorded, but the items were included in the ending inventory. ? Assuming a periodic inventory system, Bennett Company's 2016 cost of goods sold
will be
A) understated by $750.
B) understated by $1,900.
C) overstated by $750.
D) overstated by $1,900.
C
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