ABC Corp started the year on January 1 with 1,052 inventory units at a cost of $17 per unit. On March 3, the company purchased 2,104 units at a unit cost of $18. On March 23, 2,616 units were sold. On May 13, 3,006 units were purchased at a unit cost of $23. Finally, on October 16, 2,132 units were sold. What is the Cost of Goods Sold for the year using the moving-average cost assumption in a perpetual system?

a.

$95,858

b.

$93,520

c.

$98,196

d.

$91,182

e.

$88,844