Stubbs Company uses the perpetual inventory method and the weighted average cost flow method On January 1 Year 2. Stubbs purchased 900 units of inventory that cost $700 each On January 10. Year 2, the company purchased an additional 600 units of inventory that cost $475 each. If the company sells 1,200 units of inventory for $14 each, what is the amount of gross margin reported on the income statement? (Round your intermediate calculations to two decimal places.) Multiple Choice $13700 $15.725 $9.480 $10.370