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Inventory records for Herb's Chemicals revealed the following: March 1 , 2 0 2 4 , inventory: 1 , 8 5 0 gallons @ $

Inventory records for Herb's Chemicals revealed the following:

March

1, 2024,

inventory:

1, 850

gallons @ $

8.9

per gallon

=

16, 465

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

Multiple Choice

12, 302 .

12, 202 .

12, 382 .

12, 322 .

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