Also calculate the gross profit and the gross margin

Also calculate the gross profit and the gross margin

Swifty Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 150 tents. This consists of 52 tents ata cost of $ 206 each and 98 tents at a cost of $226 each. During April, the company had the following purchases and sales of tents Sales Purchases Units Unit Price Date Units Unit Cost 73 $398 Apr 195 277 10 17 24 249 398 303 294 191 398 Determine the cost of goods sold and the cost of the ending inventory using FIFO Cost of goods sold Cost of the ending inventory eTextbook and Media