Inventory records for Herb's Chemicals revealed the following: March 1, 2021, Inventory: 1,800 gallons @ $8.8 per gallon = $15,840 Purchases: Mar. 10 Mar. 16 Mar. 23 760 gals @ $8.85 960 gals @ $8.90 760 gals @ $8.95 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 560 gals 860 gals 660 gals 860 gals Ending Inventory assuming LIFO in a perpetual Inventory system would be: Multiple Choice O $11,892 O $11.812 O $11.832 O $11.712 For 2021, Rahal's Auto Parts estimates bad debt expense at 3% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $93,500 and $3,500, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $418,000 and $422,000, respectively, and $3,740 In accounts receivable were written off. Rahal's 2021 bad debt expense is: Multiple Choice None of these answer choices are correct. $3,500. $3.740. O $12.660. 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