The Zenith Company sells tablet computers for outdoor use that are waterproof, shock resistant and run on solar power. The following information has been extracted from the records of Zenith: Jan 1: Beginning Inventory of 7,000 units @ $4 each Jan 10: Bought 12,000 units @ $3 Jan 15: Sold 14,000 units @ $8 Jan 30: Bought 8,000 units @ $5 If Zenith uses the FIFO cost flow assumption and the perpetual method for inventory, the cost of goods sold for January, is

$55,000

None of the other alternatives are correct

$49,000

$45,000

$40,000