Inventory records for Herb's Chemicals revealed the following: March 1, 2024, inventory: 1,000 gallons @ $7.20 per gallon = $7,200 Purchases: Sales: March 10 600 gallons @ $7.25 March 5 400 gallons March 16 800 gallons @ $7.25 March 14 700 gallons March 23 600 gallons @ $7.25 March 20 500 gallons March 26 700 gallons Ending inventory assuming LIFO in a periodic inventory system would be