question archive Presented below is information related to Riverbed Corporation for the current year
Presented below is information related to Riverbed Corporation for the current year
Subject:AccountingPrice: Bought3
Presented below is information related to Riverbed Corporation for the current year. $ 606,500 1,485,600 Beginning inventory Purchases Total goods available for sale Sales revenue $2,092,100 2,450,000 Compute the ending inventory, assuming that (a) gross profit is 42% of sales, (b) gross profit is 60% of cost, (c) gross profit is 35% 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 42% of sales s (b) Gross profit is 60% of cost (c) Gross profit is 35% of sales (d) Gross profit is 25% of cost $ ?? Click if you would like to Show Work for this question: Open Show Work
