Loblaw Corporation began operations on December 1, 2016. The only inventory transaction in 2016 was the purchase of inventory on December 10, 2016, at a cost of $23 per unit. None of this inventory was sold in 2016. Relevant information for fiscal 2017 is as follows: Ending inventory units:

	December 31, 2016					130
	December 31, 2017, by purchase date
		Dec. 2, 2017		130
		July 20, 2017		30		160

During 2017, the following purchases and sales were made:

Purchases					Sales
Mar.	15		380 units at $24		Apr.		10		210
July	20		380 units at $28		Aug.		20		310
Sept.	4		270 units at $30		Nov.		18		160
Dec.	2		130 units at $31		Dec.		12		450

Ending inventory under specific identification is $4870.

Ending inventory

4,930 Under FIFO inventoryis left from end.

QUESTION #3.

Determine ending inventory under weighted average cost. Ending inventory