$(1)$ If Year $1$s beginning inventory is overstated, what is the impact on Year $1$s Cost of Goods Sold?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact

$(2)$ If Year $1$s beginning inventory is understated, what is the impact on Year $1$s Gross Margin?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact

$(3)$ If Year $1$s beginning inventory is understated, what is the impact on Year $2$s Cost of Goods Sold?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact

$(4)$ If Year $1$s ending inventory is understated, what is the impact on Year $1$s Cost of Goods Sold?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact

$(5)$ If Year $1$s ending inventory is overstated, what is the impact on Year $1$s Gross Margin?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact

$(6)$ If Year $1$s ending inventory is understated, what is the impact on Year $2$s Cost of Goods Sold?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact

$(7)$ If Year $1$s net cost of purchases is understated, what is the impact on Year $1$s Cost of Goods Sold?

$($a$)$ Overstated

$($b$)$ Understated

$($c$)$ No Impact