Lucia Company Reported Cost of Goods Sold for Year 1

question 13

Multiple Choice

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

• A)$291,000
• B)$276,000
• C)$264,000
• D)$285,000
• E)$249,000

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Definitions:

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A personality trait which encompasses an individual's subconscious, fundamental evaluations about themselves, their capabilities, and their worth.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance, commitment, and overall well-being.

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A personality trait characterized by emotional instability, anxiety, moodiness, worry, and sadness.

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