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Ben's Gasoline has the following inventory information: July 1, 2020, inventory: 1,000 gallons @ $7.20 = $7,200 The company sold 2,300 gallons during July. Purchases:

Ben's Gasoline has the following inventory information:

July 1, 2020, inventory: 1,000 gallons @ $7.20 = $7,200

The company sold 2,300 gallons during July.

Purchases:

July 9

600

gals

@

$

7.25

July 13

800

gals

@

$

7.30

July 21

600

gals

@

$

7.35

Ending inventory assuming LIFO in a periodic inventory system would be:

Group of answer choices

$5,040.

$5,055.

$5,075.

$5,135.

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