Question - Sam owns a small cell phone store. He starts the year with $10,000 of inventory, purchases $150,000 during the year, has $240,000 of sales during the year, and ends the year with $15,000 of inventory. What is Sam's Cost of Goods Sold for the year?
A. $115,000
B. $135,000
C. $145,000
D. $160,000
E. $235,000