Subm

At December $31,2024,$ Stevenson Company overstated ending inventory by $$36,000.$ How does this error affect cost of goods sold and net income for $2024?$

A$.$ Overstates cost of goods sold and understates net income

B$.$ Understates cost of goods sold and overstates net income

C$.$ Leaves both cost of goods sold and net income correct because the errors cancel each other

D$.$ Overstates both cost of goods sold and net income