Help Saxe & Cait Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 1,400 units of inventory that cost $12.00 each. On January 10, Year 1, the company purchased an additional 600 units of inventory that cost $725 each. If Stubbs uses a weighted average cost flow method and sells 1600 units of inventory for $24.00 each, the amount of gross margin reported on the income statement will be (Round your intermediate calculations to two decimal places) Mutiple Choce $21472 $38.575 $45.225 528.506