Hurik Company Reports the Following Based Upon This Information Which of the Following Is Most

Hurik Company reports the following $$\begin{array} { | l | r | r | } \hline & 2006 & 2007 \\\hline \text { Sales } & \$ 300,000 & \$ 360,000 \\\hline \text { Cost of goods sold } & \$ 75,000 & \$ 270,000 \\\hline\end{array}$$ Based upon this information which of the following is most correct:

A) Cost of goods sold is a permanent cost.
B) Cost of goods sold is an economic cost.
C) Cost of goods sold is a totally variable cost.
D) Cost of goods sold is a period expense.

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