Question 16 4 pts The following data is available for one of the products sold by Fried Corp. They use a periodic inventory system: March 1 Beginning Inventory, 1,000 units @ $10.50 10,500 $ 5 Purchased 4,000 units @ $10.75 43,000 22 Purchased 6,000 units @ $11.00 66.000 Available for sale 11,000 units $ 119,500 March 31 Ending inventory--2,000 units If the LIFO method is used, cost of goods sold for March will be