Viva Inc. has provided the following information for the year:

Cost of Goods Sold $1,261,000

Beginning Balance - Finished Goods Inventory $99,000

Ending Balance - Finished Goods Inventory $85,000

What is the cost of goods sold?

a)$184,000

b) $1,275,000

c) $1,261,000

d) 1,247,000