The following represents the inventory of Sunrise Company for the month of January: Jan. 1 On hand, 10 units at $80 each Purchases Sales Jan. 8 25 units at $92 each Jan. 4 8 units @ $300 each 22 50 units at $104 each 15 20 units @ $300 each 28 15 units at $116 each 26 52 units @ $300 each Calculate Sunrise Companys Cost of Goods Sold using Periodic FIFO for the month of January. Select one: A. $7,864 B. $8,320 C. $7,780 D. $7,720