Stubbs Company uses the perpetual inventory method. On January 1, 2016, Stubbs purchased 400 units of inventory that cost $8.00 each. On January 10, 2016, the company purchased an additional 600 units of inventory that cost $9.00 each. If Stubbs uses a weighted average cost flow method and sells 700 units of inventory for $16.00 each, the amount of gross profit reported on the income statement will be:

A. $5,180. B. $5,250. C. $5,000. D. $6,020.