1. Shirly ltd. (the "Company") is a specialist in production and selling of dolls. In January 2018, the company started the year with 12,400 units of dolls which cost 12$ per unit. The following transactions occur during January 2018: Date Description Units purchased Units sold Cost per Sell price unit per unit 2.1.2018 Purchase 5,600 10 7.1.2018 Sale 14,000 14 8.1.2018 Purchase 16,500 8 00 11.1.2018 Sale 17,000 15 30.1.2018 Purchase 13,000 6 Assuming that the Company chose LIFO perpetual method, what is the cost of goods sold (COGS) related to January 2018? a. $294,800 b. $225,000 c. $194,000 d. $189,800 e. $120,000