Question: Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790

Inventory records for Herb's Chemicals revealed the following:

March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745

Purchases: Sales:
Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals
Mar. 16 990 gals @ $ 9.20 Mar. 14 890 gals
Mar. 23 790 gals @ $ 9.25 Mar. 20 690 gals
Mar. 26 890 gals

Ending inventory assuming LIFO in a periodic inventory system would be:

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