16. Best Buy Co. Inc. has put together their inventory records as listed below Date Transaction Number of Units Unit Cost Mar. 1 Beginning Inventory 700 5.20 Mar. 10 Purchase 900 6.50 Mar. 16 Purchase 1,000 7.10 Mar. 26 Purchase 600 7.25 Best Buy Co. Inc. sold 2,350 units of inventory for $14.50 per unit during the month. Using FIFO, calculate the dollar amount of COGS Ending inventory Gross profit