Year 1 Year 2 Beginning inventory $ 128,000 $ 131,600 Cost of goods purchased 251,600 283,000 Cost of goods available for sale 379,600 414,600 Ending inventory 131,600 136,600 Cost of goods sold $ 248,000 $ 278,000 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,600 and 2) ending inventory at the end of Year 2 was overstated by $7,600. Given this information, the correct cost of goods sold figure for Year 2 would be