Assume Fairprice.com began July with 16 units of inventory that cost a total of $ 272. During July, Fairprice.com purchased and sold goods as follows: Jul. 8 Purchase 48 units @ $ 18 14 Sale 40 units @ $ 36 22 Purchase 32 units @ $ 20 27 Sale 48 units @ $ 36 Suppose Fairprice.com used the weighted-average inventory costing method and the perpetual inventory system. Compute the weighted-average unit cost of the company's inventory on hand at July 8. Round weighted-average unit cost to the nearest cent.

A. $ 19.00

B. $ 17.75

C. $ 17.50

D. Cannot be determined from the data given