Question: Your answer is partially correct. Try again. Presented below is information related to Tamarisk Corporation for the current year Beginning inventory $590,300 Purchases 1,472,500 Total
Your answer is partially correct. Try again. Presented below is information related to Tamarisk Corporation for the current year Beginning inventory $590,300 Purchases 1,472,500 Total goods available for sale Sales revenue $2,062,800 2,455,000 Compute the ending inventory, assuming that (a) gross profit is 46% 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 0 decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 46% of sales 737100 (b) Gross profit is 60 % of cost 489836 (c) Gross profit is 36 % of sales 581600 (d) Gross profit is 25 % of cost x
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