Exercise 9-19 x Your answer is incorrect. Try again. Presented below is information related to Larkspur Corporation for the current year. $ 611,900 1,527,700 Beginning inventory Purchases Total goods available for sale Sales revenue $2,139,600 2,600,000 Compute the ending inventory, assuming that (a) gross profit is 49% 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, e.g. 78.7% and final answers to 0 decimal places, e.g. 28,987.) Ending Inventory x (a) Gross profit is 49% of sales (b) Gross profit is 60% of cost $ X (c) Gross profit is 36% of sales X (d) Gross profit is 25% of cost