Inventory records for Herb's Chemicals revealed the following: Beginning Inventory 1,000 gallons @ $7.20 per gallon March 1st Purchase March 10 600 gallons @ $7.25 per gallon Purchase March 16 800 gallons @ $7.30 per gallon Purchase March 23 March 5 sold 400 gallons March 14 sold 700 gallons March 20 sold 500 gallons March 26 sold 700 gallons 600 gallons @ $7.35 per gallon Assume a periodic inventory system and LIFO, the ending inventory would be