The inventory records for Radford Company reflected the following: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,700 units @ $5.00 1,800 units @ $5.20 2,000 units @ $5.30 1,600 units @ $5.40 5,500 units @ $6.90 What is the amount of gross margin assuming the FIFO cost flow method? What is the amount of gross margin assuming the FIFO cost flow method? Multiple Choice $19,760 $21,760 $28.460 $9.490