Question: Bren Co . ' s beginning inventory at January 1 , Year 3 , was understated by $ 2 6 , 0 0 0 ,

Bren Co.'s beginning inventory at January 1, Year 3, was understated by $26,000, and its ending inventory was overstated by
$52,000. As a result, Bren's cost of goods sold for Year 3 was:
A. Overstated by $26,000.
B. Overstated by $78,000.
C. Understated by $26,000.
D. Understated by $78,000.
Bren Co.'s beginning inventory at January 1, Year 3, was understated

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