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please help me solve (B) and (D), based on gross profit of cost (not sales). Presented below is information related to Cullumber Corporation for the
please help me solve (B) and (D), based on gross profit of cost (not sales).
Presented below is information related to Cullumber Corporation for the current year. Beginning inventory Purchases Your answer is partially correct. Total goods available for sale Sales revenue (a) (b) (c) Compute the ending inventory, assuming that (a) gross profit is 43% of sales, (b) gross profit is 60% of cost, (c) gross profit is 33% of sales, and (d) gross profit is 25% 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.) (d) $589,800 1,503,500 Gross profit is 43% of sales Gross profit is 60% of cost Gross profit is 33% of sales Gross profit is 25% of cost $ $ $ $2,093,300 2,410,000 $ Ending Inventory 719,600 1,129,300 478,600 285,800
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