Inventory records for Herb's Chemicals revealed the following:

March 1, 2018, inventory: 1,000 gallons @ $7.20 = $7,200

Purchases:							Sales:
Mar. 10	600	gals	@	$	7.25		Mar. 5	400	gals
Mar. 16	800	gals	@	$	7.30		Mar. 14	700	gals
Mar. 23	600	gals	@	$	7.35		Mar. 20	500	gals
							Mar. 26	700	gals

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

A) $4,960.

B) $5,060.

C) $5,080.

D) $5,140.

1.  

•