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Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 370 qts @ $3.80 per quart on April 1.

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Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 370 qts @ $3.80 per quart on April 1. Purchases: Apr. 10 Apr. 14 Apr. 20 570 gts @ $3.90 470 qts @ $4.00 470 gts @ $4.05 Sales: Apr. 3 Apr. 12 Apr. 26 378 gts 340 gts 570 qts The ending Inventory assuming LIFO and a periodic inventory system is: (Round your final answer to two decimal places.)

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