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Mastermind is a chemical company that maintains a perpetual inventory system and utilizes the weighted average method. Mastermind provides the following information regarding the first

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Mastermind is a chemical company that maintains a perpetual inventory system and utilizes the weighted average method. Mastermind provides the following information regarding the first two weeks of March: As of Gallons Unit Cost Extended Beg. Balance March 1 1,000 $7.15 $7,150 Purchases: March 8 March 12 total 600 600 2,200 $7.20 $7.30 $4,320 $4,380 $15,850 Sales: As of March 10 March 15 total Gallons 700 735 1,435 Unit Price $17.00 $17.00 Extended $11,900 $12,495 $24,395 Consider the March 15th sale of 735 gallons and select the answer below that shows the gross profit that will be reported by the company for this single sale. Rounding: do not round your intermediate calculations but do round your final gross profit to the nearest $1. O A $7,187 OB. $7.200 O C.$7,226 OD. $7,172 E. 57,460

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