Shown below is the activity for one of the products of Random Creations: 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 Random Creations uses FIFO. $4,000 $5.365 $2.845 $5.275 Shown below is the activity for one of the products of Random Creations: 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 Random Creations uses FIFO. $4,000 $5.365 $2.845 $5.275