Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,850 gallons @ $8.90 per gallon = $16,465 Sales: Purchases: Mar. 10 Mar. 16 Mar. 5 770 gals @ $8.95 970 gals @ $9.00 770 gals @ $9.05 570 gals 870 gals 670 gals 870 gals Mar. 14 Mar. 20 Mar. 26 Mar. 23 Ending inventory assuming LIFO in a periodic inventory system would be: Multiple Choice $12,351. MAY Ending inventory assuming LIFO in a periodic inventory system would be: Multiple Choice $12,351. $12,297 $12,282 $12,411