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What is the amount of gross margin

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Reference no: EM132594057

Question - The inventory records for Radford Co. reflected the following

Beginning inventory on May 1 500 units @ $2.60

First purchase on May 7 600 units @ $2.80

Second purchase on May 17 800 units @ $2.90

Third purchase on May 23 400 units @ $3.00

Sale on May 31 1, 800 units @ $4.50

Required - What is the amount of gross margin assuming the weighted average cost flow method is used?

Reference no: EM132594057

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