Inventory records for Company A revealed the following:

March 1, 2021, inventory: 1,000 gallons @ $7.20 per gallon = $7,200

Purchases: Sales:

Mar. 10 600 gals @ $ 7.25 Mar. 5 400 gals

Mar. 16 800 gals @ $ 7.30 Mar. 14 700 gals

Mar. 23 600 gals @ $ 7.35 Mar. 20 500 gals

Mar. 26 700 galsEnding inventory assuming LIFO in a perpetual inventory system would be:

$5,080.

$5,140.

$5,060.

$4,960.