Shown below is the activity for one of the products of Bizzare Co.: January 1 balance, 80 units @ $50 each Purchases: January 18: 40 units @ $51 each January 28: 40 units @ $52 each Sales: January 12: 30 units January 22: 30 units January 31:45 units Required: Compute the cost of goods sold for January, assuming Bizarre Co. uses FIFO and a perpetual inventory system.