0.5/5 Question 7 View Policies Show Attempt History Current Attempt in Progress Your Answer Correct Answer Presented below is information related to Headland Corporation for the current year. Beginning inventory $ 600.900 Purchases 1.523,000 Total goods available for sale $2.123.900 Sales revenue 2.435.000 Compute the ending inventory, assuming that (al gross profit is 45% of sales. (b) gross profit is 60% of cost. (el gross profit is 36% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, c.8. 78.7% and final answers to decimal places, es 28,987) Ending Inventory (a) Gross profit is 45% of sales 5 (b) Gross profit is 60% of cost $ Ic) Gross profit is 36% of sales $ (d) Gross profit is 25% of cost $ eTextbook and Media Solution Save for Later Attempts: 1 of 5 used Submit