Question
Marigold Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 151 tents. This consists of 48
Marigold Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 151 tents. This consists of 48 tents purchased in February at a cost of $ 210 each and 103 tents purchased in March at a cost of $ 229 each. During April, the company had the following purchases and sales of tents:
Purchases | Sales | |||||||||
Date | Units | Unit Cost | Units | Unit Price | ||||||
Apr. | 3 | 74 | $ 381 | |||||||
10 | 204 | $ 271 | ||||||||
17 | 253 | 381 | ||||||||
24 | 307 | 294 | ||||||||
30 | 191 | 381 |
Calculate Marigold Outdoorss 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.)
please show your steps and calculations
this is all that's given
Gross profit | $ | ||
Gross profit margin |
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