Moonlight stores provided the following inventory information for the month of January 2017.

Units

Cost (RO)

Amount (RO)

Jan-1 Beginning inventory

350

15

5,250

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 13,200

b.

RO 17,500

c.

RO 8,850

d.

RO 5,250