Inventory records for Herb's Chemicals revealed the following: March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200 Purchases: Mar. 10 Mar. 16 Mar. 23 600 gals 800 gals 600 gals @ $ 7.25 @ $ 7.30 @ $ 7.35 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 400 gals 700 gals 500 gals 700 gals Cost of goods sold for the sale on March 14, 2018 assuming LIFO in a perpetual inventory system would be: A) $4,960. B) $5,060. C) $5,080. D) $5,070