Current Attempt in Progress

Presented below is information related toIvanhoeCorporation for the current year.

Beginning inventory$606,900Purchases1,503,500Total goods available for sale$2,110,400Sales revenue2,585,000

Compute the ending inventory, assuming that (a) gross profit is46% of sales, (b) gross profit is60% of cost, (c) gross profit is36% of sales, and (d) gross profit is25% of cost.(Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to 0 decimal places, e.g. 28,987.)

Ending Inventory

(a)Gross profit is46% of sales$

(b)Gross profit is60% of cost$

(c)Gross profit is36% of sales$

(d)Gross profit is25% of cost$