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The following information regarding Rag Ltd.s merchandise inventory for the year 20x3 is available: Beginning inventory $40701 Purchases 218874 Year-end inventory 49422 What was Rag

The following information regarding Rag Ltd.s merchandise inventory for the year 20x3 is available:

Beginning inventory

$40701

Purchases

218874

Year-end inventory

49422

What was Rag Ltd.s cost of goods sold for the year ending December 31, 20x3?

Select one:

a. $210153

b. $259575

c. $308997

d. $-178173

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