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Panopto Video

Question $17$

$3\mathrm{.}34$ pts

The inventory records for Daniel Company reflected the following

Beginning inventory on May $1$

First purchase on May $7$

second purchase on May $17$

Third purchase on May $23$

Sales on May $31$

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

$$3,015$

$$2,970$

$$1,314$