Question: Assuming the periodic inventory method is used for the current period, the following data were taken from the ledger. Beginning inventory was $ 1 2

Assuming the periodic inventory method is used for the current period,
Assuming the periodic inventory method is used for the current period, the following data were taken from the ledger.
Beginning inventory was $12,000 and ending inventory was $15,000. What was cost of goods purchased?
$55,000.
$54,050.
$54,850.
$52,950.
the following data were taken from the ledger. Beginning inventory was $12,000

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