Required information [The following information applies to the questions displayed below.] The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 1,400 units @ $4.40 First purchase @ May 7 1,500 units @ $4.60 Second purchase @ May 17 1,700 units @ $4.70 Third purchase @ May 23 1,300 units @ $4.80 Sales @ May 31 4,500 units @ $6.30 rev: 10_17_2018_QC_CS-143868 What is the amount of gross margin assuming the FIFO cost flow method?

Multiple Choice

$7,220

$8,550

$20,835

$7,300