The following account balances (normal balances) were taken from the journal entry used to transfer various merchandise amounts under a periodic inventory system into the Cost of Goods Sold account: Cost of Goods Sold Inventory (beginning) Freight-In Purchase Discounts Purchases $200,000 61,000 5,500 4,000 145,000 5,700 Purchase Return Based on the above facts, what was the ending inventory? Select one: O a. $1,800 O b. $11,800 Oc. $7,300 Od. $19,800 O e. $7,500