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Concord Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 144 tents. This consists of 49
Concord Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 144 tents. This consists of 49 tents purchased in February at a cost of $210 each and 95 tents purchased in March at a cost of $223 each. During April, the company had the following purchases and sales of tents: Purchases Sales Date Units Unit Cost Units Unit Price Apr. 3 76 $410 10 191 $274 17 254 410 24 306 292 30 201 410 Your answer is incorrect. Calculate Concord Outdoors's gross profit and gross profit margin for the month of April. (Round gross profit margin to 1 decimal place, e.g. 1.2 and gross profit to the nearest whole dollar, e.g. 5,275.) Gross profit $ Gross profit margin 84465 15 %
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