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ans of gross profit and gross profit margin Bridgeport Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April
ans of gross profit and gross profit margin
Bridgeport Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1. of 146 tents. This consists of 49 tents purchased in February at a cost of $ 208 each and 97 tents purchased in March at a cost of $ 221 each. During April, the company had the following purchases and sales of tents: Purchases Sales Date Units Unit Cost Units Unit Price Apr. 3 $385 204 $ 270 385 N 285 207 Your answer is correct. Determine the cost of goods sold and the cost of the ending inventory using FIFO. Cost of goods sold $ 143065 Cost of the ending inventory $ 26864 e Textbook and Media Attempts: 2 of 3 used (b) Calculate Bridgeport 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 S 90 Gross profit margin
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