The following information was drawn from the inventory records of Alpha Company as of December, Year 2. Beginning inventory (purchased in Year 1) 460 units @ $6 each Purchases made in Year 2quad1,060 units & $9 each Units sold 1,160 units@ $13 each Which of the following is the amount of the gross margin shown on the Year 2 Income statement assuming Alpha uses a LIFO cost flow method?

Multiple Choice

$4.940

$9,060

$10,140

$6,020