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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1800 gallons @ $8.8 per gallon = $15,840 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1800 gallons @ $8.8 per gallon = $15,840 Purchases: Mar. 10 Mar. 16 Mar. 23 760 gals @ $8.85 960 gals @ $8.99 760 gals @ $8.95 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 560 gals 86@ gals 660 gals 86@ gals The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is: Multiple Choice $11.890 $11788 $11.670 $11860

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