Question: please help me solve (B) and (D), based on gross profit of cost (not sales). Presented below is information related to Cullumber Corporation for the
Presented below is information related to Cullumber Corporation for the current year. Compute the ending inventory, assuming that (a) gross profit is 43% of sales, (b) gross profit is 60% of cost. (c) gross proft is 33% of sales, and (d) gross proft is 25% of cost. (Round ratios for computotional purposes to 1 decimal place, e.8.78.7\% and final answers to 0 decimal places, es.28.987.)
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