nventory records for Herb's Chemicals revealed the following:

March $1,2024,$ inventory: $1,850$ gallons @ $$8\mathrm{.}90$ per gallon $=$ $$16,465$

Purchases: Sales:

March $10770$ gallons @ $$8\mathrm{.}95$ March $5570$ gallons

March $16970$ gallons @ $$9\mathrm{.}00$ March $14870$ gallons

March $23770$ gallons @ $$9\mathrm{.}05$ March $20670$ gallons

March $26870$ gallons

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

Note: Round unit cost to three decimal places and final answer to whole dollars.

Multiple Choice

$$12,381.$

$$12,351.$

$$12,279.$

$$12,361.$