Question: 1 points Save Answer QUESTION 8 Assuming the periodic inventory method is used for the current period, the following data were taken from the ledger

1 points Save Answer QUESTION 8 Assuming the periodic inventory method is used for the current period, the following data were taken from the ledger Purchases $55,000 Purchases returns and allowances $950 Discount received $1,100 Freight-in $800 Beginning inventory was $12.000 and ending inventory was $15,000. What was net cost of goods purchased? O 554,850 6.554,050 O $52,950 Od $55.000

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