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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,800 gallons @ $8.8 per gallon = $15,840 Purchases: Mar. 10 Sales: 760

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,800 gallons @ $8.8 per gallon = $15,840 Purchases: Mar. 10 Sales: 760 gals $8.85 Mar. 5 560 gals Mar. 16 960 gals @$8.90 Mar. 14 860 gals Mar. 23 760 gals @$8.95 Mar. 20 660 gals Mar. 26 860 gals Ending inventory assuming LIFO in a perpetual inventory system would be Multiple Choice $11,812 $11,832 $11,892 $11,712

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