QUESTION 9 On January 1, 2015 Gator Corporation had 1,000 units in inventory at a cost of $9 per unit. During 2015 Gator Corporation purchased 2,000 units (Lot #1 - the first units purchased during the year) at a cost of $9.50 per unit, 1,500 units (Lot #2) at a cost of $8 per unit, 2,500 units (Lot #3) at a cost of $7 per unit, and 2,000 units (Lot #4) at a cost of $8.50 per unit. The company sold 7,500 units during 2015 at a sales price of $12 per unit. If Gator Corporation uses a periodic inventory system and the first-in-first-out (FIFO) method, then what is the company's ending inventory on December 31, 2015? O a. $13,500 O b. $13,250 O c. $13,000 d. $12,750 e. $12,250