Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Year 1 Year Beginning inventory Cost of goods purchased $123,000 $130, 600 250, 600 278,000 Cost of goods available for sale 373, 600 408, 600 130, 600 135, 600 $243,000 $273,000 Ending inventory Cost of goods sold Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,600 and 2) ending inventory at the end of Year 2 was overstated by $6,600. Given this information, the correct cost of goods sold figure for Year 2 would be Multiple Choice $266,400