During 2016, Blue Ltd sold 600 units of inventory for $170 each. The company has the following inventory purchase transactions for 2016 Number of Units 120 340 360 820 Unit Cost $142 144 148 Transaction Date Jan. 1 May 19 Nov. 2 Beginning inventory Purchase Purchase Required: Calculate ending inventory and cost of goods sold for 2016 assuming that Blue Ltd uses FIFO with a periodic inventory system