If ending inventory on December $31,2016,$ is overstated, then:

Question $8$ options:

a$)$

gross margin for the year ended December $31,2016,$ will be understated

b$)$

gross margin for the year ended December $31,2017,$ will be understated

c$)$

cost of goods sold for the year ended December $31,2017,$ will be understated

d$)$

cost of goods sold for the year ended December $31,2016,$ will be overstated