If ending inventory is understated by $$25,000,$ what effect will this have on cost of goods sold and net income?

a$.$ Cost of goods sold is understated by $$25,000,$ and net income is understated by $$25,000.$

b$.$ Cost of goods sold is overstated by $$25,000,$ and net income is overstated by $$25,000.$

c$.$ Cost of goods sold is understated by $$25,000,$ and net income is overstated by $$25,000.$

d$.$ Cost of goods sold is overstated by $$25,000,$ and net income is understated by $$25,000.$