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

Year 1 Year 2

Beginning inventory $ 121,000 $ 130,200

Cost of goods purchased 250,200 276,000

Cost of goods available for sale 371,200 406,200

Ending inventory 130,200 135,200

Cost of goods sold $ 241,000 $ 271,000

Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,200 and 2) ending inventory at the end of Year 2 was overstated by $6,200. Given this information, the correct cost of goods sold figure for Year 2 would be:

Multiple Choice

• $250,000
• $277,200
• $292,400
• $286,200
• $264,800