Shown below is the activity for one of the products of Random Creations: January 1 balance, 80 units @ $50$4,000. Purchases: January 18:40 units@\$51 January 28:40 units @)\$52 Sales: January 12: 30 units January 22: 30 units January 31: 45 units Required: Compute the cost of goods sold assuming Random Creations uses FIFO