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Inventory records for Herb's Chemicals revealed the following: March 1, 2024, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: March 10 790

Inventory records for Herb's Chemicals revealed the following:

March 1, 2024, inventory: 1,950 gallons @ $9.10 per gallon = $17,745

Purchases: Sales:
March 10 790 gallons @ $9.15 March 5 590 gallons
March 16 990 gallons @ $9.20 March 14 890 gallons
March 23 790 gallons @ $9.25 March 20 690 gallons
March 26 890 gallons

The ending inventory under a periodic inventory system assuming average cost is:

$13,369.

$13,389.

$13,287.

$13,359.

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