OOS Inc. uses a perpetual inventory system (and FIFO) and has a beginning inventory, as at April 1, of 150 tents. This consists of 50 tents purchased in February at a cost of $210 each and 100 tents purchased in March at a cost of $225 each. During April, the company had the following purchases and sales of tents: Purchases Sales Units Unit Cost Units Unit Price 75 $400 Date Apr. 3 10 17 24 30 4) 5) 6) 200 300 $275 290 250 200 400 400 4) Prepare income statement for the period. What is its Revenue (Sales)? 5) What is its Gross Profit? 6) What is its Gross Profit %?

OOS Inc. uses a perpetual inventory system (and FIFO) and has a beginning inventory, as at April 1, of 150 tents. This consists of 50 tents purchased in February at a cost of $210 each and 100 tents purchased in March at a cost of $225 each. During April, the company had the following purchases and sales of tents