Baker Corporation changed from LIFO to FIFO on January 1, 2021. As part of the change, Baker Corp. prospectively adjusted their financial reporting related to inventory because it did not have the ability to retrospectively apply the change.

2020 Costs of Goods Sold	120,000
12/31/2020 Inventory FIFO	80,000
12/31/2020 Inventory LIFO	65,000
2021 Net Purchases	150,000
12/31/2021 Inventory FIFO	100,000
12/31/2021 Inventory - LIFO	90,000

What is the Costs of Goods Sold for 2021?

Group of answer choices

$125,000

$105,000

$150,000

$130,000

$115,000