The Only Errors BGC Made Were in the Valuation of Ending

question 22

Multiple Choice

The only errors BGC made were in the valuation of ending inventory amounts.As a result,in 20x3,cost of goods sold was overstated by $1,000.In 20x4,cost of goods sold was understated by $500.What ending inventory error was made at the end of 20x4?

• A) Understated by $500
• B) Overstated by $500
• C) Overstated by $1,500
• D) Overstated by $1,000

---

Definitions:

Relay Station

A node in a communication system that receives a signal and transmits an amplified or regenerated signal.

Body Temperature

The measure of the body's internal heat level, crucial for maintaining metabolic processes.

Knee-Jerk Test

A reflex test that assesses the nervous system by striking the knee and observing the leg's motion.

Reflex Action

An involuntary and nearly instantaneous movement in response to a stimulus, without conscious thought.