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Ayayai Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 510 bookcases at a cost of $130
Ayayai Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 510 bookcases at a cost of $130 each. During June, the company had the following purchases and sales of bookcases: Date Purchases Units Unit cost 1,240 $132 Sales Unit price Units June 6 10 960 $191 14 1,790 133 16 1,680 196 26 1,020 134 Calculate Ayayai Furniture's gross profit and gross profit margin for the month of June. (Round gross profit margin to 1 decimal place, e.g. 15.1 and gross profit to the nearest whole dollar, e.g. 1525.) Gross profit $ Gross profit margin %
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