Question: Current Attempt in Progress Presented below is information related to Metlock Corporation for the current year. $589,900 1.483,300 Beginning inventory Purchases Total goods available for

 Current Attempt in Progress Presented below is information related to Metlock

Current Attempt in Progress Presented below is information related to Metlock Corporation for the current year. $589,900 1.483,300 Beginning inventory Purchases Total goods available for sale Sales revenue $2,073,200 2,400,000 Compute the ending inventory, assuming that (a) gross profit is 44% 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, e.g. 78.7% and final answers to decimal places, e.g. 28,987.) Ending Inventory . (a) Gross profit is 44% 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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