Errors in Inventory Counts

The following information was taken from the records of Tinker Enterprises:

	2019	2018
Beginning inventory	$60,000	$50,000
Cost of goods purchased	420,000	400,000
Cost of goods available for sale	480,000	450,000
Ending inventory	55,000	60,000
Cost of goods sold	$425,000	$390,000

The following two errors were made in the physical inventory counts: 1. 2018 ending inventory was understated by $8,000. 2. 2019 ending inventory was overstated by $4,000. Compute the correct cost of goods sold for both 2018 and 2019.