Presented below is information related to Cullumber Corporation for the current year.

Beginning inventory		$ 611,900
Purchases		1,527,700
Total goods available for sale				$2,139,600
Sales revenue				2,600,000

Compute the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost.

Ending Inventory

(a)Gross profit is 49% of sales$

(b)Gross profit is 60% of cost$

(c)Gross profit is 36% of sales$

(d)Gross profit is 25% of cost$