Ryan reviewed the following expanded income statement to ensure that all accounts were accurate and up to date.

Cost of Goods Sold Beginning Inventory $67,500 Add: Purchases $19,350 Less: Purchase Discounts $2,250 Purchase Returns and Allowances $1,350 Net Purchases $15,750 Freight-in $1,800 Cost of Goods Purchased $17,550 Goods Available for Sale $85,050 Less: Ending Inventory $25,325 Total Cost of Goods Sold Based on the portion of an expanded income statement below, the Total Cost of Goods Sold is ( a.) $14,525 O b.) $60,725 ".) $59,725 d.) $127,225