1/3 III View Policies Show Attempt History Current Attempt in Progress Sheffield Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 154 tents. This consists of 48 tents purchased in February at a cost of $210 each and 106 tents purchased in March at a cost of $225 each. During April, the company had the following purchases and sales of tents: Purchases Sales Date Units Unit Cost Units Unit Price Apr. 3 75 $420 10 201 $276 17 249 420 24 292 294 30 198 420 (a) Your answer is correct. Determine the cost of goods sold and the cost of the ending inventory using FIFO. Cost of goods sold $ 138504 Cost of the ending inventory $ 36750 Question 6 of 6 1/3 E $ 138504 Cost of goods sold Cost of the ending inventory $ 36750 eTextbook and Media Assistance Used Attempts: 1 of 15 used (b) Calculate Sheffield Outdoors's gross profit and gross profit margin for the month of April. (Round gross profit margin to 1 decimal place, eg. 1.2 and gross profit to the nearest whole dollar, e.g. 5,275.) $ Gross profit Gross profit margin % e Textbook and Media Save for Later Attempts: 0 of 15 used Submit