Question: Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 = Purchases: Mar. 10 Mar.

Inventory records for Herb's Chemicals revealed the following: March 1, 2021,

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 = Purchases: Mar. 10 Mar. 16 Mar. 23 600 Gals 800 Gals 600 Gals @ @ $ 7.25 $ 7.30 $ 7.35 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 400 gals 700 gals 500 gals 700 gals Ending inventory assuming LIFO in a periodic inventory system would be how much

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