Question: Your answer is partially correct. Try again. Presented below is information related to Skysong Corporation for the current year. $ 591,400 1,470,100 Beginning inventory Purchases

Your answer is partially correct. Try again. Presented below is information related to Skysong Corporation for the current year. $ 591,400 1,470,100 Beginning inventory Purchases Total goods available for sale Sales revenue $2,061,500 2,445,000 Compute the ending inventory, assuming that (a) gross profit is 42% 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, e.g. 78.7% and final answers to O decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 42% of sales 643400 (b) Gross profit is 60% of cost 1083500 (c) Gross profit is 36% of sales 496700 (d) Gross profit is 25% of cost 227750
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