QUESTION 8 Lucia Company reported cost of goods sold for Year 1 and Year 2...
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QUESTION 8 Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Beg Cost of goods purchased Cost of goods available for sale g inventory s 120,000130,000 250,000 275,000 405,000 ERESE130,000135,000 $ 240,000270,000 370,000 Cost of goods sold Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $15,000 and 2) ending inventory at the end of Year 2 was overstated by $6,000. Given this information, the correct cost of goods sold figure for Year 2 would be: O$291,000 $276,000 O $264,000 O $285,000 O$249,000 Click Save and Submit to save and submit. Click Save All Answers to save all ansuers. Save All
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