Lebo Hardware reported the cost of goods sold as follows: 2010 2011 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) 2010 ending inventory was overstated by $3,000 and (2) 2011 ending inventory was understated $6,000. Instructions Compute the correct cost of goods sold for each year