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Presented below is information related to Larkspur Corporation for the current year. Beginning inventory $ 609,000 Purchases 1,489,500 Total goods available for sale $2,098,500 Sales

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

Beginning inventory $ 609,000
Purchases 1,489,500
Total goods available for sale $2,098,500
Sales revenue 2,535,000

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.)

Ending Inventory

(a) Gross profit is 43% of sales $

(b) Gross profit is 60% of cost $

(c) Gross profit is 33% of sales $

(d) Gross profit is 25% of cost $

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