Waco Company's Cost of Goods Sold for 2014 was $302,000. Which of the following statements is true?

Select one:

a. If the ending balance in Merchandise Inventory for 2014 was $100,000, the Cost of Goods Available for Sale was $402,000.

b. If the beginning balance in Merchandise Inventory for 2014 was $50,000, the Cost of Goods Available for Sale was $352,000.

c. If the ending balance in Merchandise Inventory for 2014 was $100,000, the Cost of Goods Available for Sale was $202,000.

d. If the beginning balance in Merchandise Inventory for 2014 was $50,000, the Cost of Goods Available for Sale was $252,000.