Turin Turbines Had $250,000 Worth of Goods on Hand at the Beginning

Multiple Choice

Turin Turbines had $250,000 worth of goods on hand at the beginning of the year.During the year they made purchases of $2,200,000 and sales of $4,200,000.At year-end they counted the inventory still on hand and had $212,500.What was their cost of sales for the year?

A) $1,787,500
B) $2,462,500
C) $2,200,000
D) $2,237,500