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

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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.
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