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

image text in transcribedimage text in transcribed Marigold Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1 , of 520 bookcases at a cost of $116 each. During June, the company had the following purchases and sales of bookcases: Calculate Marigold Furniture's 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 0 decimal places, e.g. 5,275. Gross profit $ Gross profit margin % Marigold Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1 , of 520 bookcases at a cost of $116 each. During June, the company had the following purchases and sales of bookcases: Calculate Marigold Furniture's 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 0 decimal places, e.g. 5,275. Gross profit $ Gross profit margin %

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