Combine values in list of dictionaries

Combine values in list of dictionaries.
Sample data: [
{‘item’: ‘item1’, ‘amount’: 400},
{‘item’: ‘item2’, ‘amount’: 300},
{‘item’: ‘item1’, ‘amount’: 750}
]
Expected Output:
Counter({‘item1’: 1150, ‘item2’: 300})
def combine_lod(D):
    result = {}
    for x in D:
        if x['item'] in result:
            result[x['item']] += x['amount']
        else:
            result[x['item']] = x['amount']
    return result
def combine_lod_coll(D):
    from collections import Counter
    result = Counter()
    for d in D:
         result[d['item']] += d['amount']
    return dict(result)

Test:

LOD = [
  {'item': 'item1',
   'amount': 400
  },
  {'item': 'item2',
   'amount': 300
  },
  {'item': 'item1',
   'amount': 750
  },
]

print(combine_lod(D))               # {'item1': 1150, 'item2': 300}
print(combine_lod_coll(D))          # {'item1': 1150, 'item2': 300}