On December $31,2022,$ Kiel Industries ending inventory was $$19,200.$ On December $31,2023,$ Kiel's ending inventory was $$20,000.$ Assuming beginning inventory and cost of goods purchased were the same in both $2022$ and $2023,$ how will Kiel's cost of goods sold in $2023$ differ from its cost of goods sold in $2022?$

The difference cannot be determined from this information.

It will be higher in $2023$ than in $2022.$

It will be the same in $2023$ as in $2022.$

It will be lower in $2023$ than in $2022.$