During 2018, Smart Electronics, SE, which began business in August of that year, purchased 10,000 units of a microchip at a cost of $250 per unit in August. The microchip sold well in August. In anticipation of heavy sales in the last four months of 2018, SE purchased 50,000 additional units at the beginning of September at a cost of $265 per unit. During 2018, SE managed to sell a total of 22,000 units at a price of $299 per unit. Under the first-in, first-out (FIFO) method, what is SE's cost of goods sold for 2018? a) $5,650,000 Ob) $5,680,000 Oc) $5,830,000