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Inventory records for Herb's Chemicals revealed the following: March 1, 2024, inventory: 1,300 gallons @ $7.80 per gallon = $10,140 Purchases: March 10 660
Inventory records for Herb's Chemicals revealed the following: March 1, 2024, inventory: 1,300 gallons @ $7.80 per gallon = $10,140 Purchases: March 10 660 gallons $7.85 @ Sales: March 5 460 gallons March 16 860 gallons @ $7.90 March 14 760 gallons March 23 660 gallons @ $7.95 March 20 560 gallons March 26 760 gallons Ending inventory assuming LIFO in a periodic inventory system would be: Multiple Choice $7,439. $7,347 $7,332. $7,379.
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