The inventory records for Radford Co. reflected the following: Beginning inventory @ May 11500 units @ $4.60First purchase @ May 71600 units @ $4.80Second purchase @ May 171800 units @ $4.90Third purchase @ May 231400 units @ $5.00Sales @ May 314800 units @ $6.50What is the amount of gross margin assuming the FIFO cost flow method?
A. $7700
B. $23,184
C. $9120
D. $7800
Answer: D
Business
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