Zenith Co uses the periodic inventory system. Zenith started the year with $40,000 in inventory. The Company purchased an additional $25,000 of merchandise and returned $3,000for a full credit. If Zenith's cost of goods sold during the period was $50,000, what must have been the total of the physical inventory count?

Select one:

a. None of the above

b. $12,000

c. $20,000

d. $80,000

e. $15,000