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Moonlight stores provided the following inventory information for the month of January 2017. Units Cost Amount (RO) (RO) 350 15 5,250 Jan-1 Beginning inventory Jan 6-Purchases 200 24 4,800 Jan 17- Purchases 300 28 8,400 Jan 12 - Sales 500 35 17,500 Based on the above table find out the amount of Cost of goods sold for the sales made on 12th January 2017, if the business is evaluating the inventory by using First In First Out (FIFO) method under the Periodic inventory system. a. RO 8,850 b. RO 17,500 C. RO 5,250 d. RO 13,200