Question 7 /1 View Policies Current Attempt in Progress Presented below is information related to lvanhoe Corporation for the current year. $606,200 Beginning inventory Purchases 1,520,700 $2,126,900 Total goods available for sale Sales revenue 2,505,000 Compute the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 32% 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 $ (a) Gross profit is 49% of sales $ (b) Gross profit is 60% of cost $ (c) Gross profit is 32% of sales $ (d) Gross profit is 25% of cost