The following data applies to a particular item of merchand On hand at start of period 300 $5.10 1st purchase 500 5.20 2nd purchase 700 5.30 3rd purchase 600 550 Number of units avilable for sale 2.100 On hand at end of period 500 Number of units sold during period 1,600 of the 1,000 units sed during the period, 300 were from the beginning inventory: 500 from the first purchase; 600 from the second purchase and 200 in the last phase Using the specific identification costing method, the value of Inventory on hand at the end of the period wod O MATE OS BE OMA