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The inventory records for Raymond Co. reflected the following Beginning Inventory @ May 1 200 units @ $1.00 First Purchase @ May 7 300 units

The inventory records for Raymond Co. reflected the following

Beginning Inventory @ May 1 200 units @ $1.00
First Purchase @ May 7 300 units @ $1.10
Second Purchase @ May 17 400 units @ $1.20
Third Purchase @ May 23 100 units @ $1.30
Sales @ May 31 900 units @ $1.50

Determine the amount of gross margin assuming the weighted average cost flow method. (Do not round average cost per unit and round your answer to the nearest whole number.)

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