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

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Accounting

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

Year 1 Year 2
Beginning inventory $ 120,500 $ 130,100
Cost of goods purchased 250,100 275,500
Cost of goods available for sale 370,600 405,600
Ending inventory 130,100 135,100
Cost of goods sold $ 240,500 $ 270,500

Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,100 and 2) ending inventory at the end of Year 2 was overstated by $6,100. Given this information, the correct cost of goods sold figure for Year 2 would be:

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