3 The following information was drawn from the inventory records of Alpha Company as of December 31, Year 2. 3.2 polet Beginning inventory (purchased in Year 1) Purchases made in Year 2 Units sold 440 units $5 each 1,040 units $8 each 1,140 units $12 each Which of the following is the amount of the gross margin assuming Alpha uses a FIFO cost flow method? eBook Multiple Choice O $260 $7.800 $5.880 $1,040 Help Save & Exit Submit