(Q2: Graded) A company uses the periodic inventory system and had the following inventory Information available: Units Unit Cost Total Cost 1/1 Beginning Inventory 15 58 $ 120 2720 Purchase 60 $8.50 510 7/25 Purchase 30 $9 270 10/20 Purchase 45 $10 450 150 SL350 A physical count of Inventary on December 31 revealed that there were 55 units still on hand. What is the cost of goods sold at December 31 under FIFO method?(Please write the final numbers only WITHOUT any comma like , or any symbol as $) The answer is Answers 1.1 1