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Flint Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases at a cost of $126

Flint Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases at a cost of $126 each. During June, the company had the following purchases and sales of bookcases:

Purchases Sales
Date Units Unit cost Units Unit price
June 6 1,260 $128
10 980 $201
14 1,830 129
16 1,660 206
26 1,000 130

Calculate Flint Furnitures 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 $enter the gross profit in dollars rounded to 0 deimal place
Gross profit margin enter the gross profit margin in percentages rounded to 1 decimal place %

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