K Agnes Ltd commenced business on 1 January Year 9. During the year ending on 31 December Year 9, they bought a quantity of leather briefcases at a uniform cost and sold 6,000 of them at 50 each. An inventories check on 31 December Year 9 established that they hold 650 unsold briefcases. The gross profit for the year was 114,000. How much was the cost of each briefcase? OA. 27.97 B. 17.14 OC. 31.00 O D. 19.00