ABC Company's beginning inventory on January 1, 2019 consisted of 1,000 units costing $1.50 per unit. Purchases for the year ending December 31, 2019 were as follows: January 25 March 21 April 20 July 22 October 14 Quantity 2,500 4,000 3,000 1,500 3,200 Total Cost 3,750 8,000 7,500 4,500 9,600 Sales during the period consisted of 8,200 units, made at a selling price of $4.25 per unit. Assuming the use of the last-in, first-out inventory costing method, gross profit would be: A. $19,850 B. $22,600 C. $20,700 D. $12,250 E. 17,500