Hull Company reported the following income statement information for 2015: 7) 2015 $410,000 Sales Cost of goods sold: Beginning inventory Cost of goods purchases Cost of goods available for sale Ending inventory Cost of goods sold Gross proft $132,000 273,000 405,000 144,000 261,000 $149,000 The beginning inventory balance for Year 1 is correct. However, the ending inventory figure for Year 1 was overstated by $20,000. Given this information, the correct gross profit figure for 2015 would be: A) $169,000. B) $149,000. C) $142,000. D) $129,000. E)si 12,000. 8) Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On 8) October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the LIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold? A) $2,255. B) $2,228. C) S2,239. D) $2,200. E) $2,215