For the current fiscal year, Purchases were $345,000, Purchase Returns and Allowances were $9,900, Purchase Discounts were $3,900 and Freight In was $49,000 If the beginning merchandise inventory was $70,000 and the ending merchandise inventory was $95,000, the Cost of Goods Sold is 

 $266,200 

$281,200

$272,800

$251,200