SB The inventory records for Radford...

[The following information applies to the questions displayed below.] The inventory records for Radford Co. reflected the following:

Beginning inventory @ May 1	1,000 units @ $3.60
First purchase @ May 7	1,100 units @ $3.80
Second purchase @ May 17	1,300 units @ $3.90
Third purchase @ May 23	900 units @ $4.00
Sales @ May 31	3,300 units @ $5.50

TB MC Qu. 05-42 What is the amount of ending inventory assuming

1. What is the amount of ending inventory assuming the FIFO cost flow method?

2. What is the amount of gross margin assuming the weighted-average inventory cost flow method? (Round your intermediate calculations to two decimal places.)

3. What is the amount of gross margin assuming the FIFO cost flow method?