Tulsa Company, (a merchandising Co.) has the following data pertaining to the year ended December 31, 2016: (CPA adapted)

Purchases	$	450,000
Beginning inventory		170,000
Ending inventory		210,000
Freight-in		50,000
Freight-out		75,000

What is the cost of goods sold for the year?

a.) $385,000
b.) $460,000
c.) $485,000
d.) $536,000