a) $803

b) $1,353

c) $1,440

d) $890

The inventory records for Raymond Co. reflected the following Beginning Inventory @ May 400 units @ $2.50 11 First Purchase @ May 7 680 units @ $3.10 Second Purchase @ May 17 590 units @ $3.10 Third Purchase @ May 23 480 units @ $3.00 1,850 units a Sales @ May 31 $3.40 246 Determine the amount of gross margin assuming the weighted average cost flow method. (Do not round average cost per unit and round your answer to the nearest whole number.) Multiple Choice $803 $1,353 $1,440