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Business, 17.04.2020 02:14 lauralimon

Presented below is information related to Novak Corporation for the current year. Beginning inventory $ 607,100 Purchases 1,484,500 Total goods available for sale $2,091,600 Sales revenue 2,530,000 Compute the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 37% 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 49% of sales $ 1239700 (b) Gross profit is 60% of cost $ (c) Gross profit is 37% of sales $ 936100 (d) Gross profit is 25% of cost

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Presented below is information related to Novak Corporation for the current year. Beginning inventor...

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