Use this inventory information for the month of January to answer the following question. Date Transaction Units Cost Total Cost per Unit Jan. 1 Inventory 20 $360 $7,200 14 Purchase 260 $342 88,920 25 Purchase 40 $357 14.280 Total 320 $110.400 January Sales 263 Assuming that a periodic inventory system is used, what is cost of goods sold under the FIFO method? O $90,546 O $110,400 $90,735 0 $90,306