ABC applies a periodic inventory system. The following information related to its merchandise inventory during the month of January 2022 available: January 1 Inventory on hand January 9 Purchase January 15 Sale 4,000 units; cost 5.10 each 9,000 units; cost 5.5 each 10,000 units; for 14.0 each 8,000 units; cost 4.8 each 8,000 units; for 11.0 each 3,000 units January 17 Purchase January 23 Sale January 31 Inventory on hand The level of operating expenses during January 2022 is 30,300. The gross profit reported in ABC's January 2022 income statement under the First-in, First-out (FIFO) cost flow assumption, is: O a. 112,700 O b. 93,300 c. 134,100 O d. None of the given answers is correct. e. 113,945