Presented below is information related to Indigo Corporation for the current year.
Beginning inventory |
mce_markernbsp;607,400 |
Purchases |
1,475,500 |
Total goods available for sale |
$2,082,900 |
Sales revenue |
2,585,000 |
Compute the ending inventory, assuming that (a) gross profit is 48% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% 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.)