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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

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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 tents purchased in February at a cost of $210 each and 95 tents purchased in March at a cost of $223 each During Apnl, the company had the following purchases and sales of tents: Purchases Units Unit Cost Units 76 Sales Unit Price $410 W 191 $274 Date Apr 3 10 17 24 30 254 410 306 292 201 410 (b) Calculate Concord Outdoors's gross profit and gross profit margin for the month of April. (Round gross profit margin to 1 decimal place, eg. 12 and gross profit to the nearest whole dollar, eg, 5.275.) Gross profit 1 Gross profit margin 96

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