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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,500 gallons @ $8.20 per gallon = $12,300 Purchases: Sales: Mar. 10 700

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,500 gallons @ $8.20 per gallon = $12,300

Purchases: Sales:

Mar. 10 700 gals @ $ 8.25 Mar. 5 500 gals

Mar. 16 900 gals @ $ 8.30 Mar. 14 800 gals

Mar. 23 700 gals @ $ 8.35 Mar. 20 600 gals

Mar. 26 800 gals

The ending inventory assuming FIFO is:

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