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Bramble Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1 , of 1 5 1 tents. This
Bramble Outdoor Stores Inc. uses a perpetual inventory system and has a
beginning inventory, as at April of tents. This consists of tents
purchased in February at a cost of $ each and tents purchased in
March at a cost of $ each. During April, the company had the following
purchases and sales of tents:
Determine the cost of goods sold and the cost of the ending inventory using FIFO
Cost of goods sold $
Ending Inventory $
Calculate Bramble Outdoors's gross profit and gross profit margin for the
month of April Round gross profit margin to decimal place, eg and gross profit to
decimal places eg
Gross Profit
Gross Profit Margin
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