A company had an opening inventory of $650$ units of chairs valued at $60$ each on $1$ January. The following receipts and sales were recorded during January$\mathrm{.}04-$JanReceived $150$ units at a cost of$65$ per unit$20-$JanReceived $120$ units at a cost of$70$ per unit$31-$JanSold $740$ units at a cost of$105$ per unitUsing the FIFO valuation method, what was the cost of the units of chairs sold on $31$ January?A$.44,850$B$.48,250$C$.51,750$D$.42,240$