Patricia Sales sells golf bags and uses a perpetual inventory system. Patricia's inventory records show that at March 1 , there were 27 units on hand at a cost of $134 each. Transactions related to the purchase and sale of golf bags in March were as follows: Calculate the gross profit and gross profit margin that will be reported under each of the two cost formulas. (Round gross profit to 2 decimal places, e.g. 5,275.25 and gross profit margin to 1 decimal place, eg. 15.5\%.)