Q6.11: Jim's General Store reported cost of goods sold as follows: 2021 2022 Beginning inventory $ 30,000 $ 35,000 Cost of goods purchased 140,000 160,000 Cost of goods available for sale 170,000 195,000 Less: Ending inventory 35,000 40,000 Cost of goods sold $135,000 $155,000 Jim's made two errors in taking the ending inventory: (1) 2021 ending inventory was overstated $2,500, and (2) 2022 ending inventory was understated $5,500. Compute the correct cost of goods sold for each year.