Question 11 Presented below is information related to Skysong Corporation for the current year. 590,300 1,472,500 Beginning inventory Purchases Total goods available for sale Sales revenue $2,062,800 2,455,000 Compute the ending inventory, assuming that (a) gross profit is 46% 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, eg. 78.7% and final answers to 0 decimal places, eg. 28,987.) Ending Inventory (a) (b) (c) (d) Gross profit is 46% of sales Gross profit is 60% of cost Gross profit is 36% of sales Gross profit is 25% of cost