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E6-11 Lebo Hardware reported cost of goods sold as follows.

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Lebo Hardware reported cost of goods sold as follows.

  2008 2009
Beginning inventory   20,000  30,000
Cost of goods purchased   150,000  175,000
Cost of goods available for sale   170,000  205,000
Ending inventory   30,000  35,000
Cost of goods sold   140,000  170,000

Lebo made two errors: (1) 2008 ending inventory was overstated $3,000, and (2) 2009 ending inventory was understated $6,000.

Instructions
Compute the correct cost of goods sold for each year.

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