Use the information provided below to calculate the value of the Cost of Sales and Gross Profit for March 2019. Information: The following information was extracted from the records of Jubilee Traders for March 2019: Units of Inventory Inventory on 1 March 2019 3 000 1 000 9 000 3 000 Price per unit R11 R10 R12 Purchased on 9 March 2019 Purchased on 17 March 2019 R13 Note: - 1 000 units purchased on 17 March 2019 were returned to the supplier due to poor quality. - 12 000 units were sold during March 2019 at R20 per unit. - The first-in-first-out (FIFO) method of inventory valuation is used. Which one of the following represents the value of the Cost of Sales and Gross Profit for March 2019? Select one: O A. Cost of Sales = R141 600 and Gross Profit = R98 400 B. Cost of Sales = R139 000 and Gross Profit = R81 000 C. Cost of Sales = R139 000 and Gross Profit = R101 000 O D. Cost of Sales = R139 000 and Gross Profit = R240 000