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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1.850 gallons @ $8.90 per gallon = $16,465 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1.850 gallons @ $8.90 per gallon = $16,465 Purchases: Mar. 10 Mar. 16 Mar. 23 770 gals @ $8.95 970 gals @ $9.00 770 gals @ $9.05 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 570 gals 870 gals 670 gals 870 gals The ending inventory assuming FIFO IS: Multiple Choice $12.459 $12,399

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