Specialty Candles has provided the following details: Mar. 5 Mar. 8 Mar. 13 Mar. 14 Mar. 20 Inventory purchased on account Freight in Purchase returns Allowances from vendor Payment made to vendor for purchases on March 7 $60,000 4,000 4,500 1,400 ? Credit terms are: 4/10, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month. Assume that the perpetual inventory system is used