E6-11 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 in¬

ventory was understated $6,000.

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