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Ace Electronics had cost of goods sold of $22,000. If purchases were $24,000 and ending inventory was $6,500, Ace's beginning inventory must have been: $4,500.
Ace Electronics had cost of goods sold of $22,000. If purchases were $24,000 and ending inventory was $6,500, Ace's beginning inventory must have been: $4,500. $8,500. $28,500. $17,500.
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