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Compute the ending inventory

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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.)

 

Reference no: EM131752547

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