Scoresby Incorporated tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December $31.$

Transactions Units Unit Cost

a$.$ Inventory, Beginning $4,000$ $ $26$

For the year:

b$.$ Purchase, March $510,00027$

c$.$ Purchase, September $196,00029$

d$.$ Sale, April $15($sold for $$71$ per unit$)4,100$

e$.$ Sale, October $31($sold for $$74$ per unit$)9,000$

f$.$ Operating expenses $($excluding income tax expense$),$ $$594,000$