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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 2,000 gallons @ $9.20 per gallon = $18,400 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 2,000 gallons @ $9.20 per gallon = $18,400 Purchases: Mar. 10 Mar. 16 Mar. 23 800 gals @ $9.25 1,000 gals @ $9.30 800 gals @ $9.35 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 600 gals 900 gals 700 gals 900 gals The ending inventory assuming FIFO is: Multiple Choice $13,900. $13,930. $13,990. $13,910

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