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Assume the following cost of goods sold data for a company: 2023 $1375480 2022 1220000 2021 1004000 If 2021 is the base year, what is

Assume the following cost of goods sold data for a company:

2023 $1375480
2022 1220000
2021 1004000

If 2021 is the base year, what is the percentage increase in cost of goods sold from 2021 to 2023?

A. 22%

B. 137%

C. 37%

D. 13%

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