Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 1,150 units of inventory that cost $9.50 each On January 10, Year 1, the company purchased an additional 600 units of inventory that cost $6.00 each. If Stubbs uses a weighted average cost flow method and sells 1,300 units of inventory for $19.00 each, the amount of gross margin reported on the income statement will be (Round your intermediate calculations to two decimal places.) Multiple Choice $13.910 $24.575 $28,600 The amount of accounts receivable that is actually expected to be collected is known as the Multiple Choice allowance for doubtful accounts uncollectible accounts expense. present value of accounts receivable net realizable value If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold? Multiple Choice LIFO FIFO Weighted average LIFO, FIFO, and weighted average will all produce equal amounts