Question: For the current year, the beginning and ending physical counts of inventory were correct. However, an employee twice recorded the same purchase invoice from a

For the current year, the beginning and ending physical counts of inventory were correct. However, an employee twice recorded the same purchase invoice from a supplier. Due to this error, the total purchases of merchandise for the current year was overstated and cost of goods sold was:

Select one:

a. understated.

b. overstated.

c. greater when weighted average cost is used.

d. correct.

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