Exercise 9-19 Your answer is partially correct. Try again. Presented below is information related to Flounder Corporation for the current year. $ 607,400 1,484,300 Beginning inventory Purchases Total goods available for sale Sales revenue $2,091,700 2,555,000 Compute the ending inventory, assuming that (a) gross profit is 45% of sales, (b) gross profit is 60% of cost, (c) gross profit is 37% 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 o decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 45% of sales 686450 (b) Gross profit is 60% of cost 484825 (c) Gross profit is 37% of sales 482050 (d) Gross profit is 25% of cost 44700