PerfectVision Inc. reported beginning inventory of $20,000. During the year, purchases were made for $140,000; purchase returns for $4,000; and freight in of $10,000. A physical at the end of the period of inventory revealed that $30,000 was still on hand. The cost of goods available for sale was:

Select one:

a.

$196,000

b.

$164,000

c.

$166,000

d.

$156,000