The combination of these two errors will cause:
Select one:
a.
12/31/13 Retained Earnings to be understated by $3,000
b.
2013 Cost of Goods Sold to be overstated by $3,000
c.
2014 Beginning Inventory to be overstated by $1,000
d.
2014 Cost of Goods Sold to be understated by $1,000
e.
2013 Net Income to be overstated by $1,000