Miracle Home Cleanser uses a periodic inventory system. During the current year the company purchased merchandise with a cost of \(\$ 55,000\). State the cost of goods sold for the year under each of the following alternative assumptions

a. No beginning inventory; ending inventory \(\$ 3,500\).

b. Beginning inventory \(\$ 10,000\); no ending inventory

c. Beginning inventory \(\$ 2,000\); ending inventory \(\$ 7,200\).

d. Beginning inventory \(\$ 8,000\); ending inventory \(\$ 1,400\).