Hill & Scott Company makes financial calculators. During the current year, Hill & Scott manufactured 106,700 financial calculators. Finished goods inventory had the following units on hand:

January 11,386 units

December 311,144 units

If each financial calculator had a per-unit product cost of $130, what was the cost of goods sold in the current year?

a.$11,005,120

b.$10,839,360

c.$13,902,460

d.$10,864,000