Exercise 9-19 Presented below is information related to Sheffield Corporation for the current year. 594,100 1,523,500 Beginning inventory Purchases Total goods available for sale Sales revenue $2,117,600 Compute the ending inventory, assuming that a gross profit is 44% of sale b gross profit s 50% of cost c gross profit is 34% of sales. and computational purposes to 1 decimal place, eg. 78.7% and final answers to 0 decimal places, eg. 28,987.) osfr gross profitis 25 d cos ndr Ending Inventory (a) Gross profit is 44% of sales (b) Gross profit is 60% of cost (c) Gross profit is 34% of sales (d) Gross profit is 25% of cost