Errors in Inventory Counts The following information was taken from the records of Taylor Enterprises:

	2013	2012
Beginning inventory	$65,000	$55,000
Cost of goods purchased	425,000	405,000
Cost of goods available for sale	490,000	460,000
Ending inventory	60,000	65,000
Cost of goods sold	$430,000	$395,000

The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was understated by $15,000. 2. 2013 ending inventory was overstated by $10,000. Compute the correct cost of goods sold for both 2012 and 2013.