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Need help with part B Bramble Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases

Need help with part B

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Bramble Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases at a cost of $125 each. During June, the company had the following purchases and sales of bookcases: Purchases Sales Unit price Units Date June Units 1,170 Unit cost $127 6 10 950 $216 14 1,750 128 16 1,600 221 26 1.040 129 (a) Your answer is correct. Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e.g 5.52.) Cost of goods sold $ 324093 Cost of the ending inventory $ 247652.80 e Textbook and Media Attempts: unlimited (b) Your answer is incorrect. Calculate Bramble 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 1 Gross profit margin % e Textbook and Media Save for Later Attempts: unlimited Submit

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