A company uses a periodic inventory system and records purchases using the net method. The following information applies to 2023, which was the first year of operations:

Purchases, at invoice price	$135,000
Purchases returns, at invoice price	9,000
Ending inventory physical count, at net	39,750
Inventory shortage, at net	1,800

Purchase terms were: 3/10/60. All discounts were taken except for those on the first $22,500 shipped. Cost of goods sold for 2023 was:

Multiple Choice

$86,250

$84,450

$82,875 OR $ 83,145

$80,670