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Please try and explain Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7, 200 The ending

image text in transcribedPlease try and explain
Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7, 200 The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is: $5, 107. $5,005. $5, 087. $5, 077

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