Palm Industries 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: Multiple Choice $4,500. $8,500. $28,500. $17,500.

Polm industries 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: Mutipie Choice 54,500 50,500 $28,500 517,500