Ch 05 Multiple Choice Questions Part 2 Sowed Help Save & Exit MC Qu. 83 Lucia Company reported cost... 13 Lucia Company reported cost of goods sold for Year and Year 2 as follows: 125 Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Year 1 Year 2 $121,500 $130,300 250, 300 276,500 371,800 406,809 130,300 135,300 $241,500 $271,500 Lucia Company made two errors ending inventory at the end of Year I was understated by $15,300 and 21 ending inventory at the end of Year 2 was overstated by 56,300. Given this information, the correct cost of goods soldigute for Your 2 would be Save & Exit Ch 05 Multiple Choice Questions Part 2 Help Lucha Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,300 and 2) ending inventory at the end of Year 2 was overstated by $6,300. Given this information, the correct cost of goods sold figure for Year 2 would be: 13 Multiple Choice 125 3277800 0 $250.500 O 200