Monty Fumiture Ltd, uses a perpetual inventory system and has a beginning inventory, as at June 1, of 500 bookcases at a cost of $132 each. During June, the company had the following purchases and sales of bookcases. Purchases Units Unit cost 1.200 $134 Sales Unit price Date Units June 1,020 $189 6 10 14 16 26 1,830 135 1.540 194 1.040 136 (b) x Your answer is incorrect. Calculate Monty Furniture's gross profit and gross profit margin for the month of June. (Round gross profit margin to 1 decimal place. 8. 15.1 ond gross profit to the nearest whole dollar, 13. 1525) Gross profit 149610 Gross profit maren 304 96