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Question 26 Acme Corp. began the fourth quarter with 500 items of inventory that it had previously purchased for $10 each. During the fourth quarter, Acme purchased an additional 700 items of inventory for $12 each. Later in the fourth quarter, Acme sold 1,000 items for $15 each, which was the only sale during the quarter. What is Acme's inventory balance at the end of 2020? Acme uses the LIFO cost flow assumption. (just enter the number, without any commas or a dollar sign)