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The inventory records for Radford Company reflected the following Beginning inventory on May 1 1 0 0 units @ $ 4 . 0 0 First

The inventory records for Radford Company reflected the following
Beginning inventory on May 1100 units @ $4.00
First purchase on May 7300 units @ $4.40
second purchase on May 17500 units @ $4.60
Third purchase on May 23100 units @ $4.80
Sales on May 31900 units @ $7.80
What is the amount of gross margin assuming the weighted average cost flow method is used?
Multiple Choice
$2,412
$2,970
$1,314
$3,015

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