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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

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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 each. During June, the company had the following purchases and sales of bookcases: Calculate Ayayai Furniture's gross profit and gross profit margin for the month of June. (Round gross profit margin to 1 decimal place, e.8. 15.1\% and gross profit to 0 decimal places, e.g. 5,275.) Grossprofit Gross profitmargin %

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