If beginning inventory is understated, then will also be understated. assets owner's equity profit costs of goods sold It was determined that profit for the current period had been understated by $15.000. Investigation showed that endine inuecitory. had been understated by $5.000. Which of the following is the other error that is atfecting profit? beginning inventory was overstated by $15.000 beginninte inventory was understated by $20.000 cost of goods sold was understated by $10.000 cost of goods purchased was overstated by $10.000