Acacia Company Had Inventory of $100,000 on December 31,2013 $\begin{array}{lr}\text { Purchases } & \$ 1,500,000 \\\text { Sales } & 3,000,000 \\\text { Inventory 1/1/2013 } & 300,000\end{array}$

Acacia Company had inventory of $100,000 on December 31,2013.Other information is as follows: $\begin{array}{lr}\text { Purchases } & \$ 1,500,000 \\\text { Sales } & 3,000,000 \\\text { Inventory 1/1/2013 } & 300,000\end{array}$ What is the amount of Acacia's cost of goods sold for 2013?

A) $1,300,000
B) $1,600,000
C) $1,700,000
D) $3,000,000
E) None of the above