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Presented below is information related to Riverbed Corporation for the current year. $ 611,300 1,493,300 Beginning inventory Purchases Total goods available for sale Sales revenue
Presented below is information related to Riverbed Corporation for the current year. $ 611,300 1,493,300 Beginning inventory Purchases Total goods available for sale Sales revenue $2.104.600 2,505,000 Compute the ending inventory, assuming that (a) gross profit is 48% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, eg. 78.7% and final answers to 0 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 $
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