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Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,900 gallons @ $9.00 per gallon = $17,100 Purchases: Mar. 10 Mar. 16
Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,900 gallons @ $9.00 per gallon = $17,100 Purchases: Mar. 10 Mar. 16 Mar. 23 780 gals @ $9.05 980 gals @ $9.10 780 gals @ $9.15 Sales: Mar. 5 Mar. 14 Mar. 20 Mar. 26 580 gals 880 gals 680 gals 880 gals Ending inventory assuming LIFO in a periodic inventory system would be: Ending inventory assuming LIFO in a periodic inventory system would be: Multiple Choice $12,780. O $ $12,795. O $12.911, $12,851. O
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