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Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1Year 2 $130,000 $132,000 252,000285,000 Beginning inventory Cost of

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Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1Year 2 $130,000 $132,000 252,000285,000 Beginning inventory Cost of goods purchased Cost of goods available for sale382,000 417,000 Ending inventory Cost of goods sold 132,000 137,000 $250,000 $280,000 Lucla Company made two errors: 10 ending inventory at the end of Year 1 was understated by $17000 and 2) ending Inventory at the end of Year 2 was overstated by $8.000. Given this information,the correct cost of goods sold figure for Year 2 would be: Multiple Choice 305,000 $288000 $259,000 $297000 $272,000 k Prev 2 of 10 Nes >

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