The company takes a physical inventory count at the end of the year and adjusts their inventory and cost of goods sold if there is a difference between the inventory value determined from the actual count compared to the value in the general ledger. The information below includes the number of units counted in inventory at the end of the year and the purchases of inventory during the month. Number of units held in the company's inventory at 12/31/2016 based on a count of the inventory was 17,728 units. A listing of purchases during the month of December are as follows :

Date Quantity Purchased Unit Cost Total Cost
12/5/16 15,000 3,75 56,250
12/14/16 6,500 4.00 26,000
12/21/16 7,500 450 33,750

The company uses FIFO to account for its inventory cost.
The balance in inventory per the What is the amount of the Dece credit)?