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What result of two errors gross profit for year two was

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Question 1: A company understated its ending inventory in year 1 by 25,000 and also understated its ending inventory in year 2 by 30000. Neither error was discovered until year 3. As a result of these 2 errors gross profit for year 2 was:

Option 1: Overstated by 30000

Option 2: Overstated by 25000

Option 3: understated 25 000

Option 4: understated by 5000

Reference no: EM132494750

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