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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, Inventory: 1,400 gallons @ $8.00 per gallon = $11,200 Purchases: Mar. 10 Mar. 16

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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, Inventory: 1,400 gallons @ $8.00 per gallon = $11,200 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 periodic Inventory system would be: Multiple Choice O $8,175 O $8.271. O $8.211, O $8.160

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