Danbury Inc. uses the periodic inventory accounting method. Information related to Danbury's inventory is as follows for January 20X1:

1-Jan Beginning 10 200

7-Jan Purchase 8 215

22-Jan Purchase 12 228

Ending Inventory 7 200

Danbury Inc.'s cost of goods sold using the FIFO inventory costing method is ________.

a) $4860.00

b) $5056.00

c) $1596.00

d) $4949.60