From the Following Details of a Merchandiser,calculate the Cost of Goods

From the following details of a merchandiser,calculate the Cost of Goods Sold.(Assume the merchandiser uses the periodic inventory system. ) $$\begin{array} { | l | r | } \hline \text { Net Sales } & \$ 198,000 \\\hline \text { Purchases } & 92,000 \\\hline \text { Purchase Returns and Allowances } & 1,800 \\\hline \text { Purchase Discounts } & 1,400 \\\hline \text { Freight In } & 1,350 \\\hline \text { Beginning Merchandise Inventory } & 62,000 \\\hline \text { Ending Merchandise Inventory } & 36,000 \\\hline\end{array}$$

A) $116,150
B) $62,800
C) $114,800
D) $54,150