The inventory records for Radford Company reflected the following: Beginning inventory @...

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Accounting

The inventory records for Radford Company reflected the following:
Beginning inventory @ May 1900 units @ $3.40
First purchase @ May 71,000 units @ $3.60
Second purchase @ May 171,200 units @ $3.70
Third purchase @ May 23800 units @ $3.80
Sales @ May 313,000 units @ $5.30
What is the amount of gross margin assuming the FIFO cost flow method?
Multiple Choice
$10,730
$5,700
$5,170
$4,820

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