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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,300 gallons @ $7.80 per gallon = $10,140 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,300 gallons @ $7.80 per gallon = $10,140 Purchases: Mar. 10 Mar. 16 Mar. 23 660 gals @ $7.85 860 gals @ $7.90 660 gals @ $7.95 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 460 gals 760 gals 560 gals 760 gals The ending inventory assuming FIFO is

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