Dollar Town Dollar Town is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales Purchases Beginning Inventory $105,000 54,000 13,800 Ending Inventory 10,200 Purchase Returns and Allowances 1,800 Purchase Discounts 4,200 Transportation-in 2,400 Sales Discounts 4,800 3,000 Sales Returns and Allowances Refer to the information provided for Dollar Town. Calculate the net cost of goods purchased. a. $54,000 b. $61.800 c. $70,200 d. $50,400 00