The inventory records for Radford Co. reflected the following

Beginning inventory @ May 1	100	units	@	$	4.00
First purchase @ May 7	300	units	@	$	4.40
second purchase @ May 17	500	units	@	$	4.60
Third purchase @ May 23	100	units	@	$	4.80
Sales @ May 31	900	units	@	$	7.80

Determine the amount of gross margin assuming the weighted average cost flow method.

Multiple Choice

$3,015

$2,412

$1,314

$2,970