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Stubbs Company uses the perpetuat inventory method and the weighted average cost flow method On...

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Accounting

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Stubbs Company uses the perpetuat inventory method and the weighted average cost flow method On January 1. Year 2. Stubbs purchased 1,300 units of inventory that cost $11.00 each. On January 10, Year 2 the company purchased an additional 600 units of inventory that cost $6.75 each. Ir the company sells 1400 units of inventory for $22 each, what is the amount of gross margin reported on the income statement? (Round your intermediate calculations to two decimal places); Multiple Choice $1220 SU50 $32.600 538,125

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