400 5 A company sells 1.200 units during the first quarter of the year at a selling price of $25 per unit. In addition, the company has a beginning inventory of 600 units that were purchased at $10 per unit, and the following purchases and sales. Date Units sold Units purchased Cost per unit January 10 300 $11 January 25 450 February 7 $12 February 14 200 March 300 I 514 March 27 550 If the company uses a perpetual inventory system and the FIFO method of inventory valuation, then what is the company's gross profit? O a $17,300 O b. $16,500 O $16,700 O d. $17.500 e. $17,100