A company had the following inventory transactions during the month of January 2018. Receipts Jan. 1 500 units @ $20 each Issues Jan. 8 1,200 units @ $50 each n Jan. 5 1,000 units @ $30 each Jan 10 600 units @ $40 each What was the profit for the month, if the company used the FIFO (first-in-first-out) method of s valuation? Select one: O a. $29,000 O b. $42,000 O c. $26,000 O d. $58,000 13