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What is the amount of gross margin

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Reference no: EM132759468

Question - The inventory records for Radford Company reflected the following

Beginning inventory on May 11,500 units @ $4.60

First purchase on May 71,600 units @ $4.80

Second purchase on May 171,800 units @ $4.90

Third purchase on May 231,400 units @ $5.00

Sale on May 314,800 units @ $6.50

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

Reference no: EM132759468

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