E9.19 (LO 3) (Gross Profit Method) Presented below is information related to Jerrold Ltd. for the current year. 50 J Beginning inventory Purchases Total goods available for sale Sales O 810 LCNRV (enoillim at) 600,000 cholasval 1,500,000 2,100,000 2,300,000 Instructions Compute the ending inventory, assuming that (a) gross profit is 40% of sales, (b) gross profit is 60% of cost,