Question 7 View Policies Current Attempt in Progress Presented below is information related to Kingbird Corporation for the current year. Beginning inventory $ 606,200 Purchases 1520,700 Total goods available for sale $2.126,900 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, es. 78.7% and final answers to decimal places, s. 28,987.) Ending Inventory (a) Gross profit is 49% of sales 5 (b) Gross profit is 60% of cost $ c) Gross profit is 32% of sales $ Id) Gross profit is 25% of cost $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded. Thu, Jun 25, 2020, 10:11:13 AM (America/Chicago -05:00)