Assuming the periodic inventory method is used for the current period, the following data were taken from the ledger. Purchases $55,000 Purchases returns and allowances $850 Discount received $1,100 Freight-in $750 Beginning inventory was $12.000 and ending inventory was $15,000. What was net cost of goods purchased? a. $55,000 b.$54.150. C. $54,900. d. $53,050