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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,700 gallons @ $8.6 per gallon = $14,620 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,700 gallons @ $8.6 per gallon = $14,620 Purchases: Mar. 10 Mar. 16 Mar. 23 740 gals @ $8.65 940 gals @ $8.70 740 gals @ $8.75 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 540 gals 840 gals 640 gals 840 gals Ending inventory assuming LIFO in a perpetual inventory system would be Multiple Choice $10,756 $10.876

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