Nieman Inc., a local retailer, has provided the following data for the month of March: Merchandise inventory, beginning balance Merchandise inventory, ending balance Sales Purchases of merchandise inventory Selling expense Administrative expense $42,800 $43,700 $263,300 $140,600 $16,900 $60,400 The cost of goods sold for March was: O $140,600 O $217,900 O $141,500 O $139,700