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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,400 gallons @ $8.0 per gallon = $11,200 28 Purchases: Mar. 10 Mar.

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,400 gallons @ $8.0 per gallon = $11,200 28 Purchases: Mar. 10 Mar. 16 Mar. 23 680 gals @ $8.05 880 gals @ $8.10 680 gals @ $8.15 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 480 gals 780 gals 580 gals 780 gals Ending inventory assuming LIFO in a perpetual inventory system would be: Multiple Choice $8,180 $8,200. $8,080 $8,260

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