Question: 5 E9-17 (Gross Profit Method) Presented below is information related to Aaron Rodgers Corporation for the current year. Beginning inventory Purchases 600,000 1,500,000 Total goods

 5 E9-17 (Gross Profit Method) Presented below is information related to

5 E9-17 (Gross Profit Method) Presented below is information related to Aaron Rodgers Corporation for the current year. Beginning inventory Purchases 600,000 1,500,000 Total goods available for sale Sales revenue $2,100,000 2,500,000 Instructions Compute the ending inventory, assuming that (a) gross profit is 45% of sales; (b) gross profit is 60% of cost; (c) gross profit is 35% of sales; and (d) gross profit is 25% of cost

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