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Palm industries had cost of goods sold of $17,000. If purchases were $20,000 and ending inventory was $5,500, ace's beginning inventory must have been: a.)

Palm industries had cost of goods sold of $17,000. If purchases were $20,000 and ending inventory was $5,500, ace's beginning inventory must have been:

a.) $2,500

b.) $8,500

c.) $22,500

d.) $14,500

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