Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Mar. 10 Mar. 16 Mar. 23 790 gals @ $9.15 990 gals @ $9.20 790 gals @ $9.25 Sales: Mar. 5 590 gals Mar. 14 890 gals Mar. 20 690 gals Mar. 26 890 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 $700,000 130,000 640,000 30% 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