Presented below is information related to Pharoah Corporation for the current year. 5591.400 1.470.100 Beginning inventory Purchases Total goods available for sale Sales revenue $2,061,500 2.445.000 Compute the ending inventory, assuming that a gross profit is 42% of sales. (b) gross profit is 60% of cost. (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, .g. 78.7% and final answers to decimal places, eg. 28,987) Ending Inventory (a) Gross proftis 42% of sales (b) Gross profit is 60% of costs Ic) Gross profit is 36% of sales S Id) Gross profit is 25% of costs