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WileyPLUS Chegg Study | Guided S: X x ? Secure ! https://edugen.wileyplus.com/edugen/student/mainfr.uni a t : Apps UCF Federated ide ps://www.wileypl @ Course Home M McGraw-Hill Connec @ Research Participato Home ?? Handshake Career advice: Make LinkedIn WileyPLUS Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCTG (ACG 3131 &3141) Home Read, Study& Practice Gradebook ORION Downloadable eTextbook CALCULATO? FULL SCREE:N PRINTER ve?Story BACK ASSIGNMENT RESOURCES Exercise 9-19 Presented below is information related to Sunland Corporation for the current year Beginning inventory Brief Exercise 9-5 s 607,400 1,484,300 Exercise 24 D Exercize 9-10 Total goods available for sale Sales revenue $2,091,700 2.555,000 Compute the ending inventory, assuming that a gross profit s 45% of sales b gross profit 60% of cost.(c) gross profit s 37% of sa es and d) gross profit is 25% of cost. Round ratios for computational purposes to I decimalplace, e.g. 78.7% and final answers to O decimal places, e.g. 28,987.) frercisP 9-73 Problam 9-9 Ending Inventory Reviow Score (a) (b) (c) (d) Gross profit is 45% of sales Gross profit is 60% of cost Gross profit is 37% of sale Gross profit is 25% of cost Question Attemptsi O of 4 used SAVE FOR LATER SUBMIT ANSWER Version 4.24.5.1 7:29 PM Type here to search ^ 9,?Qs 4/2/2018?

Explanation / Answer

Calculate ending inventory under these situations :

a b c d Cost of goods available for sale 2091700 2091700 2091700 2091700 Less: Cost of goods sold (2555000*55%)= (1405250) (2555000*100/160) = (1596875) (2555000*63%) = (1609650) (2555000*100/125) = (2044000) Ending inventory 686450 494825 482050 47700

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