$6$

Flounder outdoor stores inc uses a porpotual inventory systam and has a boginning inventory as at ApriL $1$ of $148$ tentes. This consist of $52$ tentes purchasad in February at a cost of $$207$ each and $96$ tents purchased in march at a cost of $$223$ each. During April, the company had the following purchares and sales of tents.

Date purchases sales unit unitcost unit unitprice

April $72,$$$425$

$10,208,$$$272,$

$17,258,425$

$24,300,284,$

$30,194,425$

Calculate

The cost of goods

a The $+$ of the ending inventory

b$.$ cost of the ending

c$.$ gross profit

d$.$ gross profit margin

e$.$ Is the gross profit determined in part$($b$)$ higher or lower than it would be if flounder outdoor has the average cost formular The gross profit is $q,$ than if the average cost formula goods sold is $q,$

FiFo in a period of prices than it would be using the average cost formula. under Fifo, ending inventary is $$ cost of goods sold is $$ and gross profit is