The inventory records for Radford Co. reflected the following Beginning inventory @ May 12100?units@$5.80? First purchase @ May 72200?units@$6.00? second purchase @ May 172400?units@$6.10? Third purchase @ May 232000?units@$6.20? Sales @ May 316600?units@$7.70? Determine the amount of gross margin assuming the FIFO cost flow method.
A. $39,410
B. $12,540
C. $11,410
D. $10,580
Answer: C
Business
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