Inventory records for Herb's Chemicals revealed the following:

March 1, 2024, inventory: 1,000 gallons @ $7.20 per gallon = $7,200

Purchases:		Sales:
March 10	600 gallons @ $7.25	March 5	400 gallons
March 16	800 gallons @ $7.25	March 14	700 gallons
March 23	600 gallons @ $7.25	March 20	500 gallons
		March 26	700 gallons

Ending inventory assuming LIFO in a periodic inventory system would be:

Multiple Choice

$5,040.

$5,075.

$5,055.

$5,135.