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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,600 gallons @ $8.40 per gallon = $13,440 = Purchases: Mar. 10 Mar.

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,600 gallons @ $8.40 per gallon = $13,440 = Purchases: Mar. 10 Mar. 16 Mar. 23 720 gals @ $8.45 920 gals @ $8.50 720 gals @ $8.55 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 520 gals 820 gals 620 gals 820 gals The ending inventory assuming FIFO is: Multiple Choice $10,006. $9,976. $9,986. $10,066

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