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Presented below is information related to Flounder Corporation for the current year. Beginning inventory $ 600,400 Purchases 1,490,900 Total goods available for sale $2,091,300 Sales

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

Beginning inventory $ 600,400
Purchases 1,490,900
Total goods available for sale $2,091,300
Sales revenue 2,465,000

Compute the ending inventory, assuming that (a) gross profit is 42% of sales, (b) gross profit is 60% of cost, (c) gross profit is 32% 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.)

Ending Inventory

(a) Gross profit is 42% of sales

$

(b) Gross profit is 60% of cost

$

(c) Gross profit is 32% of sales

$

(d) Gross profit is 25% of cost

$

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