A company maintains a perpetual inventory system. You are provided below with the beginning inventory at July 1 as well as the details for the 4 purchases of inventory and 3 sales of inventory occurring during July Date Unit Price Quantity Extended Beg. Balance 1-Jul $2.50 1,000 $2,500 July Purchases: 1 2 3 4 Date 2-Jul 5-Jul 8-Jul 13-Jul Unit Price $3.00 $3.15 $3.50 $4.15 Quantity Extended 1,000 $3,000 1,500 $4,725 1,400 $4,900 2,000 $8,300 July Customer Sales: Date 1 3-Jul 2 11-Jul 3 15-Jul Unit Price $20.00 $20.00 $20.00 Quantity Extended 1,600 $32,000 2.100 $42,000 2,600 $52,000 Assume the company uses the first-in-first-out cost flow method. How much gross profit will be reported for the first half of July (i.e. for the two weeks ended July 15th)? Round your final answer to the nearest $1. O A $104,612 OB B. $104,205 OC. $105,065 OD.$104,863 OE. $104,560