The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase May 17 Third purchase May 23 Sales May 31 1,300 units @ $4.20 1,400 units @ $4.40 1,600 units @ $4.50 1,200 units @ $4.60 4,200 units @ $6.10 If the company uses the weighted-average inventory cost flow method, what is the average cost per unit (rounded) for May? Multiple Choice $4.43 $4.37 $4.50 $6.10 The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,300 units @ $4.20 1,400 units @ $4.40 1,600 units @ $4.50 1,200 units @ $4.60 4,200 units @ $6.10 58 What is the amount of cost of goods sold assuming the LIFO cost flow method? Multiple Choice $19,320 $18,880 $18,480 0 $17,640 Saved Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,300 units @ $4.20 1,400 units @ $4.40 1,600 units @ $4.50 1,200 units @ $4.60 4,200 units @ $6.10 What is the amount of ending inventory assuming the FIFO cost flow method? Multiple Choice $5,720 $5,970 $5,460 $4,720 The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase May 17 Third purchase May 23 Sales @ May 31 1,300 units @ $4.20 1,400 units @ $4.40 1,600 units @ $4.50 1,200 units $4.60 4,200 units @ $6.10 What is the amount of gross margin assuming the weighted average inventory cost flow method? (Round your intermediate calculations to two decima places.) Multiple Choice $7,014 $19,320 $6,300 $12,600 Saved The inventory records for Radford Co. reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,300 units @ $4.20 1,400 units @ $4.40 1,600 units @ $4.50 1,200 units @ $4.60 4,200 units @ $6.10 What is the amount of gross margin assuming the FIFO cost flow method? Multiple Choice $6,740 $7,980 $18,606 $7,250