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Vaughn Company's inventory records show the following data: Inventory January 1st 9900 units at $9.40. Purchases Juna 18th 8900 units at $7.00. November 8th 5500

Vaughn Company's inventory records show the following data:

Inventory January 1st 9900 units at $9.40.

Purchases Juna 18th 8900 units at $7.00.

November 8th 5500 units at $7.00.

A physical inventory on December 31st shows 3600 units on hand. Vaughn sells the units for $11 each. The company has an effective tax rate of 20%. Vaughn uses the periodic inventory method. What is the cost of goods available for sale?

A) $193860

B) $278560

C) $145100

D) $154200

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