Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Year Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold $123,500 $130,700 250,780 278,500 374,200 489,200 130,700 135,700 $243,500 $273,50e Lucia Company made two errors: 1 ending inventory at the end of Year 1 was understated by $15,700 and 2) ending inventory at the end of Year 2 was overstated by $6,700. Given this information, the correct cost of goods sold figure for Year 2 would be: Multiple Choice $289.200 $295,900 $266,800 Cost of goods sold $243,500 $273,500 6 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15.700 and 2) ending inventory at the Year 2 was overstated by $6,700. Given this information, the correct cost of goods sold figure for Year 2 would be: 8 $289,200 $295,900 $280,200 $252,500 6 of 30EE Next > Prev pe here to search