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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

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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.)

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Gross profit $
Gross profit margin
Date Purchases Unit cost | Total cost Cost of goods sold Qty Unit cost Total cost Qty Ending inventory Qty Unit cost Total cost 48 $ 10,080 103 $ 229 $ 23,587 Beg. Bal. $ 210 Apr. 3 48 $ 210 $ 229 $ 10,080 $ 5,954 26 77 Apr. 10 204 $ 271 $ 55,284 77 $ 229 $ 229 $ 271 $ 17,633 $ 17,633 $ 55,284 204 Apr. 17 77 176 $ 229 $ 271 $ 17,633 $ 47,696 28 Apr. 24 307 $ 294 $ 90,258 28 $ 271 $ 271 $ 294 $ 7,588 $ 7,588 $ 90,258 307 Apr. 30 28 $ 271 $ 294 $7,588 $ 47,922 $ 136,873 144 163 518 $ 294 $ 42,336 $ 42,336 Total 144

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