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Monty Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 500 bookcases at a cost of $132

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Monty Furniture 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 6 1,020 $189 10 14 1,830 135 1,540 194 16 26 1,040 136 Calculate Monty 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 the nearest whole dollar, e.g. 1525.) Gross profit $ Gross profit margin %

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