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Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchases: Sales: Mar. 10 600 gals @

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Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchases: Sales: Mar. 10 600 gals @ $7.25 Mar. 5 400 gals Mar. 16 800 gals @ $7.30 Mar. 14 1700 gals Mar. 23 1600 gals @ $7.35 Mar. 20 500 gals Mar. 26 700 gals Ending inventory assuming LIFO in a perpetual inventory system would be

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