Welcome SOCCD P.. apters 4-6 Saved Help Save & Exit Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows. Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Year 1 Year 2 $129,000 $131,800 251,800 284, eee 380,800 415,800 131,800 136,800 $ 249,000 $279,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,800 and 2) ending inventory at the end of Year 2 was overstated by $7,800. Given this information, the correct cost of goods sold figure for Year 2 would be Multiple Choice $271,200