Accounting

Ohsweken Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 175 tents. This consists of 44 tents at a cost of $209 and 131 tents at a cost of $229 each. During April, the company had the following purchases and sales of tents:

	Purchases		Sales
Date	Units	Unit Cost	Units	Unit Price
Apr. 3			76	410
10	206	279
17			257	410
24	304	291
30			203	400

Determine the cost of goods sold and the cost of the ending inventory using FIFO.

cost of goods sold=

cost of the ending inventory=

Calculate Ohsweken Outdoorss gross profit and gross profit margin for the month of April.

gross profit =

gross profit margin=