If the ending inventory is overstated by $2000 at the end of the accounting period, then: Cost of goods sold will be understated. Gross profit will be overstated. Net income will be overstated. All of the above. None of the above. Up-to-the-minute information about a company's inventory is best provided by: Stock clerks. Perpetual inventory systems. Periodic inventory systems. Integrated accounting systems. None of the above.