A firm booked revenue of $$2\mathrm{.}25$ million during $20$X$6$ on unit sales of $150.$ The replacement cost per unit of inventory is currently $$9,300.$

Inventory purchases:

Date Quantity Unit Cost

Begin inventory $50$ units $$7,000$

$4/1/$X$680$ units $7,500$

$7/1/$X$630$ units $8,100$

$10/1/$X$620$ units $8,700$

Assuming the FIFO inventory costing method and a perpetual inventory system are used, the firm's gross profit and ending inventory are closest to:

$$1,138,000$ $$255,000$

$$1,112,000$ $$279,000$

$$1,138,000$ $$279,000$