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QUESTION 2 The inventory records for Radford Co. reflected the following: Beginning inventory May 1 First purchase @ May 7 Second purchase @ May 17

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QUESTION 2 The inventory records for Radford Co. reflected the following: Beginning inventory May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales May 31 What is the amount of gross margin assuming the weighted-average inventory cost flow method? (Round your intermediate calculations to two decimal places.) 1900 units $5.40 2000 units $5.60 2200 units @ $5.70 1800 units $5.80 6000 units $7.30 $10,020 $25,200 $9000 $34,800 QUESTION 3 As of December 31, 2018, Amy Jo's Appliances had unadjusted account balances in accounts receivable of $315,000 and $930 in the allowance for uncollectible accounts, following 2018 write-offs of $6530 in bad debts. An analysis of Amy Jo's December 31, 2018, accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. Bad debt expense for 2018 should be $3150 $6530 $2220 None of these answer choices are correct

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