Required information The inventory records for Raymond Co. reflected the following Beginning Inventory @ May 370 units @ $2.201 First Purchase @ May 7 620 units @ $2.80 Second Purchase @ May 17 171560 units @ $2.80 Third Purchase @ May 23 420 units @ $2.70 1.700 units @ $3.10 Sales @ May 31 1 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.) Prev 10 Navt Multiple Choice $720 S1134 $1,134 $1,152 5738