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Derrick Corporation has provided the following information for its most recent month of operation: sales $32,000, beginning inventory $18,000, purchases $16,000 and Gross Profit $10,000.

Derrick Corporation has provided the following information for its most recent month of operation: sales $32,000, beginning inventory $18,000, purchases $16,000 and Gross Profit $10,000. How much was Derrick's ending inventory?

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