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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1150 gallons $7.5 per gallon = $8,625 Purchases: Mar. 10 Mar. 16 Mar.

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1150 gallons $7.5 per gallon = $8,625 Purchases: Mar. 10 Mar. 16 Mar. 23 630 gals @ $7.55 830 gals @ $7.60 630 gals @ $7.65 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 430 gals 730 gals 530 gals 730 gals Ending inventory assuming LIFO in a perpetual inventory system would be Multiple Choice O $6.250 0 $5,190 0 0 O $6,170 $6,070 0

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