Inventory records for Herb's Chemicals revealed the following: March $1,2021,$ inventory: $1,950$ gallons @ $$9\mathrm{.}10$ per gallon $=$ $$17,745$ Purchases: Mar. $10$ Mar. $16$ Mar. $23790$ gals @ $$9\mathrm{.}15990$ gals @ $$9\mathrm{.}20790$ gals @ $$9\mathrm{.}25$ Sales: Mar. $5590$ gals Mar. $14890$ gals Mar. $20690$ gals Mar. $26890$ gals Ending inventory assuming LIFO in a periodic inventory system would be: Multiple Choice $$13,419.$ $$13,301.$ $$13,359.$ C $$13,286.$ On July $8,$ a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: Sales, January $1$ through July $8$ Inventory, January $1$ Purchases, January $1$ through July $8$ Gross profit ratio $$700,000130,000640,00030\%$ What is the estimated inventory on July $8$ immediately prior to the fire? Multiple Choice $$490,000$ $$192,000.$ O $$510,000.$ O $$280,000.$