Express mart provided the following inventory information for the month of January 2019.   Units Cost (RO) Amount (RO) Jan-1 Beginning inventory 400 26 10,400 Jan 8- Purchases 350 30 10,500 Jan 22- Purchases 250 32 8,000 Jan 18 - Sales 550 40 22,000 Based on the above table find out the amount of Cost of goods sold for the month of January 2019, if the business is evaluating the inventory by using First In First Out (FIFO) method under the Periodic inventory system. a. RO 20,900 b. RO 22,000 c. RO 10,500 d. RO 14,900

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