The Following Information Is Available for Excelsior Corp for 2020

Multiple Choice

The following information is available for Excelsior Corp for 2020: $\begin{array}{llcc} \text { Payment for goods during year................................. } &\$104,000 \\ \text { Accounts payable, beginning ................................... } &14,000\\ \text {Inventory, beginning ................................................. } &28,000\\ \text { Accounts payable, ending........................................ } &12,600\\ \text { Inventory, ending.................................................... } &16,200\\\end{array}$

Cost of goods sold for 2020 is

A) $102,600.
B) $132,000.
C) $105,400.
D) $114,400.