Stubbs Company uses the perpetual inventory method. On January 1. Year 1, Stubbs purchased 1,300 units of inventory that cost S11.00 each. On January 10, Year 1, the company purchased an additional 600 unis of inventory that cost S6.75 each. If Stubbs uses a weighted average cost flow method and sells 1,400 units of inventory for $22.00 each, the amount of gross margin reported on the income statement will be: (Round your intermediate calculations to two decimal places.) Multiple Choice $17,276 $32,600 $38,125 524,150