A company had the following inventory activity during June: Units Unit Cost Total Cost Beginning inventory. 450 $9.50 $4,275 Purchases: June 5 1,500 10 15,000 June 13 900 10.25 9,225 Sales: June 8 1,100 June 24 600 If the company is using a FIFO cost formula and a periodic system, what is the cost of goods sold? O $17,225 O $17,000 O $16,775 O $16,500