Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,300 and 2) ending inventory at the end of Year 2 was overstated by $7,300. Given this information, the correct cost of goods sold figure for Year 2 would be:

Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Year 1 Year 2 $126,500 $131,380 251,380 281,500 377,800 412,880 131,380 136,300 $246,500 $276,500 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,300 and 2) ending inventory at the end of Year 2 was overstated by S7,300. Given this information, the correct cost of goods sold figure for Year 2 would be: Multiple Choice . $300.00 $300.100 O $255,500 O $269.200 O $283,800 O $292,800