Question: please help me with this question. thank you! Presented below is information related to Culver Corporation for the current year. $ 600,900 1,523,000 Beginning inventory
Presented below is information related to Culver Corporation for the current year. $ 600,900 1,523,000 Beginning inventory Purchases Total goods available for sale Sales revenue $2,123,900 2435.000 Compute the ending inventory, assuming that (a) gross profit is 45% of sales. (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, es. 78,7% and final answers to decimal places, es 28,987.) Ending Inventory (a) Gross profit is 45% of sales $ (b) Gross profit is 60% of cost $ (c) Gross proht is 36% of sales $ (d) Gross profit is 25% of cost $
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