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 7 400 $12 February 14 200 March 5 300 $14 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 516,700 O d. 517,500 O e. 517,100