Crayson Inc. started the year with $490,000 in inventory. During the year, Crayson purchased an additional $1,060,000 in inventory and paid transportation costs of $30,000 to get this merchandise. At the end of the year, Crayson employees performed a physical count and determined that ending inventory amounted to $450,000. What was Craysons cost of goods sold for the year? a. $1,050,000 b. $1,060,000 c. $1,100,000 d. $1,130,000