Chapter 6 - HW Question 2 of 7 0.33/1 = View Policies Show Attempt History Current Attempt in Progress Concord Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 510 bookcases at a cost of $138 each. During June, the company had the following purchases and sales of bookcases: Purchases Sales Date Units Unit cost Units Unit price June 1.200 $140 10 960 $207 1,860 1.560 212 980 142 6 14 141 16 26 (a) Your answer is correct. (b) Your answer is incorrect. Calculate Concord Furniture's gross profit and gross profit margin for the month of June. (Round gross profit margin to 1 decimal place, eg. 15.1 and gross profit to the nearest whole dollar, e.g. 1525.) Gross profit $ Gross profit margin % eTextbook and Media Save for Later Attempts: 1 of 3 used Submit Answer lo