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Pina Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 149 tents. This consists of 50
Pina Outdoor Stores Inc. uses a perpetual inventory system and has a beginning inventory, as at April 1, of 149 tents. This consists of 50 tents purchased in February at a cost of $207 each and 99 tents purchased in March at a cost of $221 each. During April, the company had the following purchases and sales of tents: Date Apr. Purchases Sales Units Unit Cost Units Unit Price 10 825 w 3 79 $378 205 $277 17 243 378 24 303 289 30 210 378 Calculate Pina Outdoors's gross profit and gross profit margin for the month of April. (Round gross profit margin to 1 decimal place eg. 1.2 and gross profit to the nearest whole dollar, eg 5.275) Grass profit Gross profit margin
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