Current Attempt in Progress

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

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$.78\mathrm{.}7\%$ 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