he inventory records for Radford Company reflected the following:

Beginning inventory @ May $11,500$ units @ $$4\mathrm{.}60$

First purchase @ May $71,600$ units @ $$4\mathrm{.}80$

Second purchase @ May $171,800$ units @ $$4\mathrm{.}90$

Third purchase @ May $231,400$ units @ $$5\mathrm{.}00$

Sales @ May $314,800$ units @ $$6\mathrm{.}50$

What is the amount of gross margin assuming the weighted$-$average inventory cost flow method?

Note: Round your intermediate calculations to two decimal places.

Multiple Choice

$$24,000$

$$8,016$

$$16,320$

$$7,200$