Question 25 Not yet answered Marked out of 1.00 P Flag question April 1 The following represents the inventory of Rajan Company for the month of April: Beginning Inventory 100 units @ $8 April 2 Sales 50 units Purchases 300 units @ $12 April 10 Sales 250 units Purchases 400 units @ $16 Sales 200 units April 3 April 21 April 28 Assuming a periodic inventory system is used by Rajan Company, what is cost of goods sold under FIFO? Select one: A $6,000 B. 56,600 C. 54,800 D. 54,200