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

Beginning inventory		$ 593,500
Purchases		1,523,600
Total goods available for sale				$2,117,100
Sales revenue				2,460,000

Compute the ending inventory, assuming that (a) gross profit is 47% 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 47% of sales (b) Gross profit is 60% of cost (c) Gross profit is 33% of sales (d) Gross profit is 25% of cost