Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows:

Year 1 Year 2

Beginning inventory $120,000 $130,000

Cost of goods purchased 250,000 275,000

Cost of goods available for sale 370,000 405,000

Ending inventory 130,000 135,000

Cost of goods sold $240,000 $270,000

Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be:

• A. $276,000
• B. $291,000
• C. $249,000
• D. $264,000
• E. $285,000