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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

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

The company uses the periodic inventory method.

Determine ending inventory under specific identification.

Ending inventory $ ____________

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