Lucia Company reported cost... Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows. Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by exist17,000 and ending inventory at the end of Year 2 was by exist8,000. Given this information, the correct cost of goods sold figure for Year 2 would be: exist272,000 exist305,000 exist297,000 exist259,000 exist288,000