The following purchases of widgets by Loopy Company took place during the 1st Quarter of 2019: Date 01/20/2019 02/15/2019 03/12/2019 If the only product Loopy sold during the first quarter was widgets and the only sale took place on February 18th of 150 widgets for a sales price of $100 per unit, what was Happy's gross profit for the first quarter using the FIFO assumption for inventory? Units Cost $30/each $32/each $33.50/each 110 90 100 $10,500 O$ 9,975 O s10.420 O s10.200