You are given information for the month of 1st January 2021, Alpha Company reported Merchandise Inventory of RO 7,200. During the month, the company made purchases of RO 14,040. On 31st January 2021, a physical count of inventory reported RO 5,760 on hand. Cost of goods sold for the month is a. RO 1,080 b. RO 21,240 RO 15,480 c. d. RO 14,040