Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows.

Beginning merchandise inventory on January 1 was

$ 33 comma 100$33,100.

Ending merchandise inventory on December 31 was

$ 35 comma 100$35,100.

Purchases during the year were

$ 92 comma 400$92,400.

Selling and administrative expenses were

$ 75 comma 900$75,900.

Sales for year were

$ 262 comma 200$262,200.

What was the cost of goods sold?

A.

$ 90 comma 400$90,400

B.

$ 93 comma 900$93,900

C.

$ 94 comma 400$94,400

D.

$ 160 comma 600