answer is incorrect. Try again. Determine the cost of goods sold and the cost of the ending Inventory using the average cost formula (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e. 5.52.) Cost of goods sold 304423.35 Cost of the ending inventory 213446.25 SHOW SOLUTION SHOW ARE ay LINK TO TEXT Attempts 3 of 3 used (b) Calculate Grouper Furniture's gross profit and gross profit margin for the month of June. (Round gross profit margin to 1 decimal place, ag. 15.1 and gross profile to the nearest whole dollar, e.g. 1525.) Gross profit $ Gross profit margin answer is incorrect. Try again. Determine the cost of goods sold and the cost of the ending Inventory using the average cost formula (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e. 5.52.) Cost of goods sold 304423.35 Cost of the ending inventory 213446.25 SHOW SOLUTION SHOW ARE ay LINK TO TEXT Attempts 3 of 3 used (b) Calculate Grouper Furniture's gross profit and gross profit margin for the month of June. (Round gross profit margin to 1 decimal place, ag. 15.1 and gross profile to the nearest whole dollar, e.g. 1525.) Gross profit $ Gross profit margin