Question: Current Attempt in Progress Bren Co's beginning inventory at January 1, 2005 was understated by $26,000, and its ending inventory was overstated by $52.000.

Current Attempt in Progress Bren Co's beginning inventory at January 1, 2005

Current Attempt in Progress Bren Co's beginning inventory at January 1, 2005 was understated by $26,000, and its ending inventory was overstated by $52.000. As a result, Bren's cost of goods sold for 2005 was: O Understated by $78,000 O Understated by $26,000. O Overstated by $26,000 O Overstated by $78,000.

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