1. Blossom Company maintains a perpetual inventory system. Below, Blossom provides you with the beginning inventory at July 1 as well as the details for the 4 purchases of inventory and 3 sales of inventory occurring during July:

   	Date	Unit Price	Quantity	Extended
   Beg. Balance	1-Jul	$2.50	1,000	$2,500
   July Purchases:	Date	Unit Price	Quantity	Extended
   1	2-Jul	$3.00	1,000	$3,000
   2	5-Jul	$3.15	1,500	$4,725
   3	8-Jul	$3.50	1,400	$4,900
   4	13-Jul	$4.15	2,000	$8,300
   July Customer Sales:	Date	Unit Price	Quantity	Extended
   1	3-Jul	$12.00	1,600	$19,200
   2	11-Jul	$12.00	2,100	$25,200
   3	15-Jul	$12.00	2,600	$31,200

   Assume Blossom uses the last-in-first-out cost flow assumption. How much gross profit will Blossom report for the July 11th sale of 2,100 units? Round your final answer to the nearest $1.

   	A.	$16,550
   	B.	$18,675
   	C.	$18,176
   	D.	$18,095
   	E.	$19,385