Question
Presented below is information related to Blossom Corporation for the current year. Beginning inventory Purchases Total goods available for sale Sales revenue $ 607,400
Presented below is information related to Blossom Corporation for the current year. Beginning inventory Purchases Total goods available for sale Sales revenue $ 607,400 1,475,500 $2,082,900 2,585,000 Compute the ending inventory, assuming that (a) gross profit is 48% of sales, (b) gross profit is 60% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal p answers to O decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 48% of sales (b) Gross profit is 60% of cost (c) Gross profit is 38% of sales $ (d) Gross profit is 25% of cost $ tA
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