Use This Information to Answer the Following Question In Addition,beginning Merchandise Inventory Was $22,000 and Ending Merchandise Inventory

Multiple Choice

Use this information to answer the following question. $$\begin{array} {| l | r | r | } \hline \text { Account Name } & { \text { Debit } } & { \text { Credit } } \\\hline \text { Sales } & & 300,000 \\\text { Sales Retums and Allowances } & 10,000 & \\\text { Purcha5es } & 53,000 & \\\text { Purchases Returns and Allowances } & & 8,000\\\text { Freight-In } & 12,000 & \\\text { Selling Exgenses } & 30,000 & \\\text { General and Administrative Exgenses } & 110,000 &\\\hline\end{array}$$ In addition,beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Net cost of purchases for the period were

A) $77,000.
B) $45,000.
C) $57,000.
D) $69,000.